AT&T gets a tiny lift from iPhone

AT&T reported its second quarter earnings today, and even though its net post-paid wireless subscriber additions came out to 1.5 million, the company had fewer than expected iPhone activations on the weekend of June 30.

146,000 to be exact, not 500,000 as some had predicted. I’m sure we will see the real impact of iPhone sales and activations in the quarter ending September 30, 2007. The company now has 63.7 million wireless subscribers. Net income for the second quarter totaled $2.9 billion on revenues of $29.5 billion.

AT&T has 51,000 U-verse video subscribers, up from 13,000 three months earlier, while the total video connections, which include AT&T U-verse service and bundled satellite television service, went up by 200,000 in the second quarter to 1.9 million.

The bad news is in the DSL part of the business. The company added 400,000 new DSL subscribers in the quarter, down from 600,000 in the first quarter. They now have 13.3 million consumer and business high speed Internet connections. They say it is seasonal, I think it is market forces with Comcast and others being more aggressive with their bundles.

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