Indiana Grain Company, LLC

Posted: 07/22/10

By: tomgrisafi

AT&T's second quarter earnings are a full 26% higher (year over year) with total earnings of $4 billion (compared to only $3.2 billion in the same quarter in 2009). On the heels of a strong fiscal year to date, AT&T raised its outlook for the rest of the year.

According to the exclusive US iPhone carrier, it activated 3.2 million Apple handsets and raked in a veritable boatload of cash as a result. Proving a strong quarter all around, AT&T says its unprecedented sales and iPhone activation came in at a rate of 10 times higher than that seen last year with the iPhone 3GS.

"On June 24, AT&T began offering iPhone 4, the most powerful iPhone yet. Preorder sales of iPhone 4 were 10 times higher than the first day of preordering for iPhone 3GS a year earlier. For the full second quarter, AT&T iPhone activations totaled 3.2 million, the most quarterly iPhone activations ever. Approximately 27 percent of those activations were for customers who were new to AT&T," the company said in a statement.

Taking a look at the in-depth data revealed by AT&T, there were also 1.6 million organic net adds in total wireless subscribers (best-ever second quarter) to reach 90.1 million in service.

3G postpaid integrated devices on AT&T's network also spiked (by 2.9 million to 29.7 million), which represents an increase of nearly 100% percent year over year.