AT&T Announces A Record 10M Smartphones Sold In Q4

0
AT&T Announces A Record 10M Smartphones Sold In Q4
By AT&T [Public domain], via Wikimedia Commons

AT&T Inc. (NYSE:T), Tuesday, recorded a  sale of 10 million smartphones in the fourth quarter, breaking its own record of 9.4 million smartphones in the same period of last year.

AT&T Announces A Record 10M Smartphones Sold In Q4

The second largest U.S wireless carrier, with this record sale, is trying to bounce back from its third quarter set back, when the company could add only 151,000 contract subscribers into its quarter sale.

ValueWalk’s July 2022 Hedge Fund Update: Tiger Cub Hedge Fund Shuts Down

investWelcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Andurand's oil trading profits surge, Bridgewater profits from credit, and Tiger Cub Hedge Fund shuts down. Q1 2022 hedge fund letters, conferences Read More

“We had another incredible quarter of smartphone sales as the mobile Internet continues to drive strong growth in wireless,” AT&T Inc. (NYSE:T) Mobility CEO Ralph de la Vega said in a statement.

The leading wireless carrier marked this record sale as the best ever quarterly sales of both Android and Apple Inc. (NASDAQ:AAPL) smartphones.

“These are the industry’s most valuable postpaid subscribers with average revenues twice that of non-smartphone subscribers. During the quarter, we averaged more than 110,000 smartphone sales a day as customers flocked to our leading portfolio of the latest Android, Apple Inc. (NASDAQ:AAPL) and Windows devices. Combine that with the nation’s largest 4G network and lightning-fast LTE network that now reaches more than 170 million people and you’ll understand why customers continue to choose AT&T Inc. (NYSE:T) in record numbers.” remarks Ralph in his statement.

Catching up with its industry rival Verizon Wireless, who also recorded a historic sale by adding 2.1 million net subscribers in its fourth quarter, AT&T Inc. (NYSE:T) is rolling out a network using a technology called long-term evolution, which allows for faster downloads.

According to Ralph de le Vega, the company aims to focus more on gaining more smartphone subscribers. Smartphones subscribers bring twice as much revenue as any other customer who buys and owns a simple mobile phone.

Interestingly, the fourth quarter was marked as the best quarter by Verizon Communications Inc. (NYSE:VZ) Wireless as well.

Both companies plan to report their forth quarter results on January 24.

 

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)www.valuewalk.com
Previous article Stocks To Watch: EMC, Cypress, Yum!, Sears, Solar Capital, ConAgra
Next article How Can PPC Marketing Campaigns Increase Your Profit Margins?

No posts to display