TechSpot

AT&T records $6.7 billion loss despite record smartphone sales

By Shawn Knight
Jan 26, 2012
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  1. AT&T posted financial results for the fourth quarter of 2011 today. Leading the way for AT&T was record-breaking sales of 9.4 million smartphones which is nearly twice as many sold…

    Read the whole story
     
  2. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,195   +749

    Factor out the T-Mobile business and you're still at a loss of $2.7 billion.

    AT&T sells iPhones, and lots of them. They're losing money, while Apple is setting records. I guess we can see who got the better end of that deal.
     
  3. mopar man

    mopar man TechSpot Ambassador Posts: 1,492

    Tell me about it...

    Granted, I wouldn't choose AT&T over Sprint OR Verizon out here thanks to the coverage AT&T does NOT have here!

    And I'd never own an iPhone...
     
  4. Scshadow

    Scshadow TS Maniac Posts: 388   +53

    I simply don't believe at&t had losses other then the lost merger. They charge 80-100 dollars every month per smart phone in service out there and we're to believe they take losses? Someone needs to audit them. Not for one sec do I believe that. Maybe they need to cut back on their advertising budget and find more cost efficient ways to deploy their technology. Still, I smell a big fat pig.
     
  5. soldier1969

    soldier1969 TS Booster Posts: 244   +43

    Apple and AT&T haters lol. Never fails with every story.
     
  6. I love you Scshadow!! I think you're 100% correct.
     
  7. Rick

    Rick TechSpot Staff Posts: 6,305   +52 Staff Member

    Just shows you can do anything with some... creative accounting. :)
     
  8. veLa

    veLa TS Booster Posts: 533   +88

    I have a Galaxy S2 on AT&T, decent service here in Texas. However, no network is as good as Verizon's 4G LTE.
     
  9. I agree part of the problem is Apple...Carriers need to stand up to Apple and get the price of the phone lowered that they purchase it for...If Apple is making record profits.....and the carriers are reporting loses due to iPhone sales.....and monthly cell phone charges are as high as they have even been..>What does that tell ya? I have a iPhone but hearing stories like this and how bad work conditions are for people making Apple products I'm really starting not to like them again...Good product but seem like bullies and very greedy!
     
  10. MilwaukeeMike

    MilwaukeeMike TS Evangelist Posts: 2,195   +749

    Because they charge a lot means they can't lose money? You're right... how on earth did GM and Chrysler have all those financial problems when they charge tens of thousands of dollars for a car? They sell TONS of them!
     


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