The quarterly numbers for At&t are in, and the company is tipping the scales at 87 Million net subscribers at the end of the first quarter 2010. The company added 1.9 Million subscribers this quarter fueled by connected devices. The company activated 2.7 Million iPhones and 1.1 Million connected devices this quarter. The wireless side of the company is proving to perform relatively weak in terms of traditional business wireless business, but the company is being carried by the net adds associated with connected devices such as eReaders.
Total churn for At&t is 1.3% with postpaid only churn at 1.07%. According the the year ago quarter the company has improved their postpaid churn rate by 0.46%.
Data revenues are headed in the right direction for the company with the first quarter total data revenue totaling in at $4.01 Billion. According to Technology Business Research, an independent firm data has not comprised 32% of the companies entire revenue stream. Net post paid subscriber additions are slowing for the company and triggering a shift to lean on data revenues harder to lessen the reliance on thinning voice revenue margins.
Overall At&t posted a year over quarter gain of $78 Million, bringing total revenues to $30.6 Billion. At&t also increased their operational margin up to 19.6%
Sony Ericsson appears to have a firm grip on turning around their companies financial stand point. The company posted a $397 Million loss (293 Million EUR). First quarter of 2010 for the first time in a long time posted an operational gain of $226 Million (21 Million EUR). Sony Ericsson has shifted its focus to high-end devices, with this focus the company has shipped 10.5 Million devices in the first quarter. 4.1 Million devices less than the 4th quarter of 2009.
Sprint has announce a voluntary separation program. This offer lets employees voluntarily leave the company anywhere in the retail and distribution channels. Sprint has offered this VSP package for 3 years in a row, and certainly looks as if there may be layoffs pending shortly after this deadline.
(Image from Boy Genius Report)
At&t Wireless has announced their financial earnings for the 3rd quarter in 2008. The company, while plagued with problems stemming from the release of the Apple iPhone 3G, has still managed to move 2.4 Million units in the 3rd quarter. Around 960,000 units made it into the hands of At&t's approximately 2 Million new customers. This resulted in about 40% of their iPhone 3G sales going to new customers. At&t just slightly beat their year-ago numbers, with $3.8 Billionin 3Q profits on $31.3 Billion in Revenue. The companies ARPU came in around $58.99. At&t is also holding $9.3 Billion in cash assets.
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No contract wireless carrier MetroPCS has announced that they have added 249,000 wireless subscribers in the third quarter. The carriers total is now about $4.8 Million customers. MetroPCS will announce their earnings in November. Their earnings should be up after a rather lack luster second quarter. Metro has also just signed a 6 year license with Amdoc for use of their billing systems, operational support systems, and customer service products.
Sprint has been performing much better in the second quarter. The 2Q results are in and it looks like Sprint has managed to band-aid their bleeding customers. Sprint did still manage to loose 776,000 post paid customers. Dan Hesse Sprint Nextel CEO attributes the better than expected numbers to the introduction of the Samsung Instinct and their Simply Everything Plan. Sprint posted a Net loss in the second quarter of $344 Million, compared to profit of $19 Million only a year ago. Sprint must now sell $3 Billion in convertible preffered stock to pay down their debt. Sprint has a long way to go, but it looks like their ship is finally headed in the right direction!
Motorola's handset division troubles just keep getting worse, as their second quarter financial results were released yesterday. Motorola's operating loss this year increased by 14 million dollars compared to this quarter one year ago. Motorola did manage to maintain its market share with the shipment of 28.1 million handsets. Motorola Launched 10 new products that they expect to help increase their income stream in subsequent quarter including the new Modeshift morphing technology. Modeshift offers the ability to transform your mobile phone from a phone to an MP3 player with the touch of a button. The phone will use Haptic feedback technology to quickly vibrate the phone as a key is pressed and recognized by the phone. Motorola did well in other segments of their business posting an overall positive operating cash flow of $204 Million, and ending the quarter with a net cash position of $3.6 Billion. Motorola will have a significant challenge falling into the good graces of the carriers and consumers alike as Nokia adds pressure to the industry with price cuts on their handset line. Read about that Here.
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Verizon wireless had a spectacular second quarter, at least in terms of customer additions. They added 1.5 Million net customers in the 2nd quarter, bringing their current customer count to 68.7. Verizon's financial data will be released on July 28th.
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Sony Ericsson has announced a drop in second quarter net profits. Sony Ericcson has made the "break even" point Sagging sales of high end devices are blamed for the loss in profit. Sony Ericcson is taking a look at cutting 2,000 employees world wide. Their only hope of regaining the financial strength that they once enjoyed is to release a show-stopping must have high end device, or release stable quality low end phones to be used in emerging markets. The company still expects their market to grow 10% despite this being the second financial warning this half.
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