Update: AT&T dropped us a line to point out that the gains from a one-time tax settlement also significantly contributed to the company's 2010 profit and by extension the drop in profits year-over-year. According to an AT&T spokesperson, "If you take those one-time items out of the mix, profit was actually up 13-percent year-over-year. In addition, wireless margins were up significantly, which means wireless profits increased."
Update 2: AT&T also announced this morning that it had activated one million units of the iPhone 4S as of Tuesday. Press release is included underneath the video below.
Activations Surpass All Previous Launches; Customers Prefer AT&T Speed Advantage
Dallas, Texas, October 20, 2011 - AT&T today announced it activated more than 1 million iPhone 4S as of Tuesday, making it the most successful iPhone launch in the companys history. AT&T was the first carrier in the world to launch iPhone in 2007 and is the only U.S. carrier to support iPhone 4S with 4G speeds.
Its no surprise that customers are clamoring for iPhone 4S and they want it to run on a network that lets them download twice as fast as competitors, said Ralph de la Vega, President and CEO, AT&T Mobility & Consumer Markets.
AT&Ts speed advantage, and the unique ability to talk and surf at the same time, has been roundly praised by industry pundits.
Additional information can be found at www.att.com/iphone.