This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.


Apple's iPhone Lifts AT&T to Record Smartphone Sales

By Josh Long
December 07, 2011 - News

AT&T Inc. anticipates a record quarter for smartphone sales, thanks to such slick gadgets as the iPhone.

The nation's second-largest wireless operator said it sold 6 million smartphones in the first two months of the fourth quarter, up from a previous quarterly record of 6.1 million in the third quarter of last year, Bloomberg reported.

In November, the iPhone was the top-selling smartphone at AT&T, Sprint and Verizon Wireless, according to Canaccord Genuity, the global capital markets group of Canaccord Financial Inc. The Samsung Galaxy S II was the second best-selling smartphone at AT&T and Sprint while ranking as the top-selling device at T-Mobile USA, Canaccord Genuity analysts T. Michael Walkley and Matthew D. Ramsay wrote Tuesday in a research note.

Sales of the iPhone were particularly strong at AT&T and Sprint in November, the analysts said.

"We expected this to be one of our strong smartphone sales quarters ever," Bloomberg quoted AT&T Chief Financial Officer John Stephens as stating at a UBS conference in New York. "What we didn't know was that we would nearly break our smartphone sales record in just the first two months of the quarter."

Dallas-based AT&T, which has been selling the iPhone for the past four years, sold 4.8 million smartphones in the third quarter ending Sept. 30. At that time, more than half (52.6 percent) of AT&T's 68.6 million postpaid subscribers used smartphones, up from 39.1 percent a year earlier.

AT&T, Sprint and Verizon Wireless began selling Apple's latest smartphone – the iPhone 4S – in October.

"Overall, the iPhone 4S remained the dominant selling smartphone at AT&T," Canaccord Genuity analysts Walkley and Ramsay wrote, commenting on November sales based on their research into the carrier's distribution channels.

comments powered by Disqus
Related News
Most companies would expect a glowing reaction if they reported a $13.1 billion profit and record
Craig Galbraith
Apple has been criticized for a perceived lack of innovation in the new iPhone 5s, but maybe all it
Craig Galbraith
Don't expect Nokia and its Windows-based line of Lumia smartphones to make major inroads against
Craig Galbraith
Lining up outside an AT&T, Verizon, Sprint or T-Mobile store this weekend for an iPhone 6 or 6
Claire Cleveland