It was quite obvious after knowing the impressive 5.2 Million iPhone units sold in Q3 of Apple’s fiscal year 2009 that AT&T would also be enjoying some handsome amount of money out of iPhone exclusivity in U.S.
A day after the Apple’s announcement of financial figures, AT&T has come with the statement that they have activated 2.4 million new iPhone during the Q2 (ended June 30) of fiscal year 2009. Not only in iPhone users, AT&T also enjoyed an impressive growth in Wireless.
AT&T Press Release:
More than 2.4 million iPhone activations in the second quarter, reflecting a record-setting iPhone 3GS launch.
AT&T Inc. (NYSE:T) today reported second-quarter results highlighted by strong wireless growth, including a substantial step up in retail postpaid subscriber additions and continued robust growth in wireless data revenues. Results also included double-digit growth in IP-based revenues from AT&T U-verse services and advanced business offerings.
Progress in these areas and solid cost management largely offset economic pressures and increased volume-based acquisition costs associated with the company’s highly successful iPhone 3GS launch to drive financial results that were generally in line with the first quarter of 2009.
AT&T is making roughly $95 from each iPhone customer. On the other hand they are making only $59 from non-iPhone customers. In short, AT&T is enjoying huge cash (Thanks to iPhone users).