Fewer iPhone buys at AT&T
AT&T subscribers are still buying the iPhone, but with Verizon also selling it, the phone seems to have lost its power to draw new subscribers to AT&T. Credit: AP
AT&T Inc.’s subscribers are still buying iPhones, but with Verizon Wireless now selling the iconic phones too, they seem to have lost some of their power to draw new subscribers to AT&T.
AT&T, the country’s largest telecommunications company, on Wednesday said the first quarter saw the addition of 62,000 net new subscribers on contract-based plans, a record low. In the same quarter a year ago the figure was 512,000. In several previous quarters the figure was above a million.
Subscribers on contract plans pay the most every month, so they’re crucial to wireless companies. At AT&T, contract subscribers pay an average of $63.39 per month, while subscribers pay $12.94 per month for devices without contracts.
AT&T’s net income rose 39 percent to $3.41 billion, or 57 cents per share, for the January-March period, up from $2.45 billion, or 42 cents per share, a year ago.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
