If AT&T was sweating over losing their iPhone exclusivity back in January, they can rest easy now. According to their first-quarter financials, the carrier sold 5.5 million smartphones -- and 60 percent of them were from Apple.
After years of rumors about the iPhone landing on Verizon Wireless, when the announcement finally came in January, the actual launch of the iPhone 4 on the carrier seemed anti-climactic -- but fear not, the real excitement will come with the next model.
While AT&T isn’t saying goodbye to the iPhone entirely next month, they are saying farewell to their U.S. exclusivity for the handset -- but not before activating another 4.1 million of the handsets in the fourth quarter of 2010.
Netflix posted their quarterly earnings on Wednesday, and two of Apple’s products figured heavily in the company’s streaming business -- with the second-generation Apple TV actually surpassing the iPad in terms of streaming content viewed.
Despite the announcement yesterday that CEO Steve Jobs will be out on medical leave for an undisclosed amount of time, Wall Street should have little to whine about Tuesday as Apple’s fiscal 2011 first quarter results have been announced, with another record-breaking quarter -- revenue is up 71 percent, while earnings have grown 78 percent.
Looks like it’s that time again -- Apple has announced that their 2011 first quarter financial results will be revealed in a conference call on Tuesday, January 18 at 2pm PST (5pm EST). Spoiler alert: Another boffo quarter is anticipated.
It’s almost hard to remember a time when Apple wasn’t making money hand over fist, especially with multiple quarters in a row boasted as their biggest yet. Cupertino didn’t disappoint Wall Street once again, racking up fiscal fourth quarter revenue of $20.34 billion and a net quarterly profit of $4.31 billion.
If it were up to J.P. Morgan, Apple would have a boffo end to 2010 -- and they’ve helped out by upping Cupertino’s revenue estimate for the fourth quarter to $18.71 billion as well as aiming for a $400 stock price by December of next year.
On the heels of Apple’s third-quarter results earlier this week, U.S. wireless partner AT&T has just announced their own second-quarter revenue -- and they’re wearing a smile, with lots of new iPhone activations and 10 times the number of iPhone 4s sold compared to last year’s iPhone 3GS.