AT&T this morning released its earnings for the fourth quarter of 2011. Consolidated revenues clocked in at $32.5 billion, up 3.6 percent compared to the year-earlier quarter. They recorded a huge net loss for Q4 2011: $6.7 billion, or $1.12 per diluted share.
Zooming in on smartphone sales, it’s worth noting that AT&T delivered its best-ever quarter to date, hands down.
In the fourth quarter of 2011, the company says it sold 9.4 million smartphones, nearly double the number sold in the third quarter and 50 percent more than the previous quarterly record.
This also led to 19.4 percent growth in wireless data revenues, the company said.
During the quarter, more than 7.6 million iPhones were activated, the “majority of which” were iPhone 4S, and AT&T says more than twice as many Android smartphones were sold last quarter compared to the fourth quarter of 2010. AT&T also said it sold 311,000 tablets in Q4 2011.
AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. Services offered include wireless communications, local exchange services and long-distance services. AT&T operates in four segments: Wireless, Wireline, Advertising Solutions and Other. Its Wireless subsidiaries provide both wireless voice and data communications services across the United States, and through roaming agreements, in a substantial number of foreign countries. Wireline subsidiaries provide primarily landline voice and data communication services, AT&T...