AT&T, the mobile phone and service provider for most of the phones that are making waves in the market has been reported, seeing a brighter future in larger sales of its products in some up coming happy holidays, a thanks to a new record expected for the smartphone sales.
The carrier predicts it that its will be breaking its previous quarterly-record by having sales of more than 6.1 million for the final-quarter of this year, 2011.
Speaking this at the UBS 39th Annual Global Media & Communications Conference (PDF) in New York, earlier today, Chief Financial Officer at AT&T, John Stephens said that the carrier has already sold probably 6 million smartphones in October and November alone.
And now that December is near and it is typically a strong sales month, the carrier company is looking to convieniently beat its earliers record of 6.1 million phones getting sold and get something more better this time.
The stong-quarter was due in no small part to the latest Apple’s product, iPhone release. And there a large number of customers that were waiting for an iPhone 4S to improve from their existing handsets. AT&T had previously claims that it activated more than a million new iPhones five days after the phone was released.
J.P. Morgan analysts are eexpecting AT&T to add up to 450,000 new postpaid subscribers for the-fourth quarter, compared to the 250,000 for Sprint and 1.2 million for Verizon Wireless.
J.P. Morgan says, a full 36 proportion of all the AT&T’s postpaid customers for the quarter will be iPhone users. And another 57 percent of the AT&T’s phone sales will be from the iPhones, compared with the 33 percent in the third-quarter.
Stephens also says that AT&T is going ahead with its 4G service rollout plans. However, AT&T will be turning the switch on LTE in added markets this year, including the New York City, and it has plans to cover up to 70 million people by the end of this year, 2011. The company had recently debuted its 4G LG Nitro HD Android phone, iand that is its third LTE-based phone so far.
When compared, Verizon had already achieved up to 160 million Americans with the LTE last August, and half of the Americans, and it even continues to move ahead into an additional markets. But, AT&T on the other hand is still ahead of the Sprint, which is expected to reach about 120 million people, but that’s not until the end of 2012.
The carrier anticipates breaking its previous quarterly record by ringing in sales of more than 6.1 million for the final quarter of 2011.
Speaking at the UBS 39th Annual Global Media and Communications Conference (PDF) in New York earlier today, AT&T Chief Financial Officer John Stephens said the carrier has already sold about 6 million smartphones just in October and November.
And since December is typically a strong sales month, the company is looking to handily beat its previous record of 6.1 million phones sold.
The robust quarter was due in no small part to Apple’s latest iPhone release. A large number of customers were waiting for the iPhone 4S to upgrade from their existing handsets. AT&T had previously said it activated more than 1 million new iPhones in just the first five days after the device debuted.
J.P. Morgan analysts expect AT&T to add around 450,000 new postpaid subscribers for the fourth quarter, compared with 1.2 million for Verizon Wireless and 250,000 for Sprint.
A full 36 percent of all of AT&T’s postpaid subscribers for the quarter will be iPhone users, said J.P. Morgan. And 57 percent of AT&T’s phone sales will be iPhones, compared with 33 percent in the third quarter.
CNET
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