AT&T reports Record Wireless Sales

AT&T released its Q3 2010 Earnings.

Oct 21 2010, 7:38am CDT | by Luigi Lugmayr

AT&T reports a growth of 11.4% in wireless revenues and more than 8 million device sales. AT&T got 2.6 million new wireless customers, which marks the highest third-quarter net gain in the company's history. AT&T stands now at 92.8 million subscribers in service. The wireless churn is the lowest for a Q3 quarter with 1.32%.

Revenues are $31.6 billion which is up 2.8% compared to same period last year.

“This was a terrific mobile broadband quarter,” said Randall Stephenson, AT&T chairman and chief executive officer. “A record number of customers signed new two-year contracts and integrated device sales outpaced our previous best by a wide margin. Wireless revenues continue to grow, churn is reaching record low levels, and postpaid ARPU increased for the seventh straight quarter."

Carriers are doing great as consumers jump on the latest Android phones and on the iPhone. Apple reported on Monday that they sold 14.1 million iPhones globally last quarter.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.