Despite the negative comments that have made their way through the tech space as of late, AT&T appears to be unaffected. The nation's second largest wireless carrier released its first quarter earnings report today, and things are looking good. Among the highlights, the company gained 1.9 million customers (the highest first quarter in the company's history) to close with 87 million total subscribers. iPhone activations continue to be incredibly high as well, with 2.7 million new devices introduced to the network during the quarter.
Postpaid churn dropped to 1.07 percent, while total churn stood at 1.30 percent; both record lows for AT&T. Postpaid ARPU (average revenue per user) increased 3.9 percent to $61.89 while data ARPU rose 21.9 percent to $20.13 (thanks to 26.8 million "3G postpaid integrated wireless devices" on the network). Though the Q1 net income of $2.4 billion was down year-over-year, it's still a nice load of cash to throw in the bank.
Needless to say, it was a fantastic quarter for AT&T, and proof that they don't need to aggressively respond to competitor's claims. Despite the repeated attacks, they continue to bring in customers at a record pace. What's more, coverage in New York City appears to be improving (slowly but surely), as the company reported that 3G dropped calls are down six percent in Manhattan, and down nine percent in the New York City metro area.
That's all well and good, but let's hear from those that are using the service in real life. Are you pleased with the coverage? Wanting to switch? Kind of "meh" about the entire situation? Jot your thoughts down below!
Additional Q1 2010 Reporting (as it is available):
