AT&T added a net 296,000 postpaid subscriptions during...
AT&T added a net 296,000 postpaid subscriptions during Q1, as it sold 6 million smartphones, the carrier said Tuesday. It added 365,000 subscriptions on tablets, but lost 69,000 subscriptions on non-tablet devices. Of the 6 million smartphones AT&T sold during…
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Q1, 4.8 million were iPhones. By comparison, Verizon Wireless added a net 677,000 postpaid subscriptions and sold 7.2 million smartphones. AT&T reported a net $3.7 billion net income for the quarter, up from a net $3.9 billion loss in Q4 and a net $3.6 billion profit in Q1 2012. The growth in tablet-based subscriptions was hurting AT&T’s per-device revenue because of subsidies placed on tablet purchases and plans, Chief Financial Officer John Stephens said Tuesday during a conference call. AT&T set the tablet subsidy to “stimulate demand,” he said. “We decided to stay with it because we have found that the economics make a lot of sense. I won’t suggest to you that it’s a permanent offering."