T-Mobile Breakup Causes $6.7B Q4 Loss for AT&T
The carrier did, however, report its best quarter yet for smartphone sales. It sold 9.4 million smartphones, including 7.6 million iPhone activations, handily beating out Verizon Wireless 's 4 million iPhones sold. (See VZ iPhone Boosts Data, Shaves Margins in Q4.)
AT&T lost $1.12 per share on revenues of $32.5 billion in the first quarter. A year earlier it reported a profit of $1.1 billion or 18 cents a share on revenues of $31.4 billion.
Non-GAAP earnings came out to 42 cents per share. Analysts polled by Thomson Reuters expected non-GAAP earnings of 43 cents a share on sales of $31.95 billion.
Shares of AT&T are down 56 cents (1.85%) to $29.65 in early morning trading.
— Sarah Reedy, Senior Reporter, Light Reading Mobile
Looks like a good situation for everybody except for T-Mobile customers who still don't have an iPhone option.
Oh well. Unlimited Data on Sprint still looks like a best option.
It must be difficult for Phillip Humm to go to board Meetings without having an iPhone on T-Mobile US's network. After all, the US is the world's largest economy and from the press releases, iPhone users use less data than android counterparts.