AT&T has submitted it’s numbers for Q2 2011 showing impressive growth across nearly every category. Like most things in today’s mobile ecosystem, the massive growth is attributed to the rise in smartphone usage and, of course, the iPhone.
The nation’s second largest mobile operator reported net revenues of $3.6B and added a total of 1.1M subscribers last quarter. Like all carriers, AT&T is riding the wave of smartphone usage in the U.S., posting its second-best quarter with these devices to date as it sold 5.6 million smartphones with 70 percent being on postpaid contracts. In total, AT&T now has 98.6 million wireless customers, including 331,000 postpaid users.
Though the company’s growth is on the strength of smartphone sales, the iPhone continues to make up a bulk of the purchases. The company said it activated 3.6 million devices last quarter and 24 percent of those were new customers. The company also said iPhone churn was down slightly, appearing as if the Verizon iPhone isn’t hurting AT&T as badly as everyone predicted. In fact, judging by Apple’s earnings announcement, the iPhone coming to other carriers only appears to hurt Apple competitors.
Amid all the impressive stats coming out of their earnings report, there was only a brief mention of the proposed T-Mobile acquisition. “Our planned acquisition of T-Mobile USA will accelerate development of next-generation capabilities, and it will lay the groundwork for continued high-tech innovation for years to come,” said AT&T CEO Randall Stephenson, in a prepared statement.
