Earnings Call: AT&T Addresses Economy, Calls iPhone an “Investment In Our Future”


AT&T (NYSE: T) reported strong Q3 earnings today, boosted by wireless results, including impressive iPhone sales. During the earnings call, Ralph De La Vega, AT&T’s President and CEO for Mobility and Consumer Markets, addressed the iPhone’s success and how it put pressure on wireless margins. AT&T also reported that wireless broadband grew by 2.8 million, and U-Verse subscribers will hit 1 million by year-end.

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Highlights from the Seeking Alpha Transcript:

iPhone Sales: In the 82 selling days of the quarter, AT&T activated 2.4 million iPhones, 40 percent of them to new AT&T customers. In comparison, the first iPhone a year ago, took nine months to reach the 2.4 million mark. De La Vega called the iPhone

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