AT&T Expects Record Smartphone Sales in 4Q
UBS Media & Communications Conference 2011
DALLAS--(BUSINESS WIRE)--John Stephens, AT&T Senior Executive Vice President and Chief Financial Officer, today announced that AT&T* is on track to break its single-quarter record for smartphone sales.
Speaking at the UBS 39th Annual Global Media and Communications Conference in New York, Stephens said that AT&T sold about 6 million smartphones in the first two months of the fourth quarter. Because December is traditionally one of the strongest sales months, AT&T now expects to break the previous single-quarter smartphone record of 6.1 million.
AT&T's strong smartphone sales in part reflect a higher number of handset upgrades from customers who were waiting for the launch of a new iPhone. AT&T previously announced that it activated more than 1 million iPhone 4S' in the first five days the device was available. AT&T said iPhone 4S sales remain strong. Only on AT&T's network can iPhone 4S users download three times faster and talk and surf at the same time.
Stephens also said today that AT&T will turn up additional 4G LTE markets, including New York City, this month, and expects to cover 70 million people with its LTE network by year-end 2011, consistent with its previously announced plans.
The webcast of Stephens' presentation will be available for replay on the AT&T Investor Relations website until Dec. 30, 2011.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.