U-verse Growth Slows
Behind the scenes, though, there were some numbers and trends that didn't feature so high up on AT&T's presentations.
First, the upfront costs of launching the new iPhone ate into the carrier's profits, though that downside was tempered by the fact it sold 2.4 million of the Apple Inc. (Nasdaq: AAPL) devices during the quarter. (See AT&T's Q2 Profit Lowered by iPhone Launch.)
Second, AT&T didn't add as many U-verse customers as it had during the first quarter.
In the three months to the end of June, the operator increased its U-verse customer base by 248,000, taking the total to 1,577,000. That's a healthy increase of more than 1 million compared with the 549,000 users it had at the end of June 2008 for its IPTV service.
However, AT&T added 284,000 U-verse users during the first quarter of this year, and 264,000 during the fourth quarter of last year, so U-verse growth slowed down during the second quarter.
That's a downwards trend worth watching, and one that AT&T will want to turn around.
— Ray Le Maistre, International News Editor, Light Reading