Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/26/2012 (3 years ago)

Catholic Online (www.catholic.org)

CEO's promise to pursue other Smartphones remains unsuccessful

AT&T Inc. activated 7.6 million of them in the latest quarter, or one out of every five iPhones sold globally. AT&T remains deeply indebted to the iPhone to gain and keep customers. A promise by CEO Randall Stephenson a year ago to "very aggressively" market competing Smartphone in 2011 came in the wake of AT&T's loss of an exclusive right to sell the iPhone in the U.S.
 

AT&T has also retained its position as the premier U.S. iPhone carrier, beating Verizon Wireless' 4.3 million iPhone activations handily.

AT&T has also retained its position as the premier U.S. iPhone carrier, beating Verizon Wireless' 4.3 million iPhone activations handily.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

1/26/2012 (3 years ago)

Published in Business & Economics

Keywords: AT&T, Verizon, Team Mobile, iPhones, fourth quarter


LOS ANGELES, CA (Catholic Online) - In fact, the iPhone accounted for 80 percent of the Smartphone AT&T activated in the fourth quarter of 2011, which is up from 70 percent just before Stephenson made his vow.

These figures tell a tale of the fourth quarter: The fourth quarter of 2011 saw the launch of a new iPhone model, the iPhone 4S, whereas the fourth quarter of 2010 didn't. There's a decline in the iPhone's percentage of AT&T smartphones - to 69 percent last year, from 79 percent in 2010, judging from last year's sales figures.

AT&T has also retained its position as the premier U.S. iPhone carrier, beating Verizon Wireless' 4.3 million iPhone activations handily.

The company's iPhone dependency comes at a heavy cost. The phone is more expensive than many other smartphones, and AT&T needs to subsidize each iPhone with hundreds of dollars to put it in customers' hands for as little as $1.

Coupled with extensive charges for adjustments in the value of the company's pension plans, the breakup of a deal to buy T-Mobile USA and a write down of the value of its phone-directory business, all made AT&T report a massive loss on Thursday of $6.68 billion, or $1.12 per share for the fourth quarter.

The first quarterly loss for AT&T in three years, an adjustment of pension-plan obligations was also the main culprit behind the previous loss, in the fourth quarter of 2008.

AT&T took a charge of $4.2 billion for the compensation it's paying T-Mobile USA. When AT&T made the $39 billion bid in March, it promised T-Mobile cash and wireless licenses if the deal fell through. The deal was squelched by federal regulators, who saw reason to believe that the No. 2 wireless carrier buying No. 4 would reduce competition.

Stephenson said the company's secondary plan will be trying to buy more wireless spectrum in smaller deals, selling low-performing units and instituting a share-buyback program.

AT&T said it has board authorization to buy back 300 million shares, worth about $9 billion, and will start doing so immediately.

.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for June 2015
Universal:
That immigrants and refugees may find welcome and respect in the countries to which they come.
Evangelization: That the personal encounter with Jesus may arouse in many young people the desire to offer their own lives in priesthood or consecrated life.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Business & Economics

Whole Foods accused of greatly overcharging customers Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Whole Foods, the American foods supermarket chain that specializes in organic goods, has been accused of massive overcharging. The New York City Department of Consumer Affairs explained they have discovered "systematic overcharging for pre-packaged foods" at the city's ... continue reading


Strange and powerful 'boat swallowing' vortex appears in Lake Texoma Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

A strange, giant vortex, estimated to be around 8-feet in diameter, has appeared in Lake Texoma. This occurrence is surprising and perhaps threatening. However, there is an explanation. MUNTUNLUPA, PHILIPPINES (Catholic Online) - Lake Texoma is known as one of the ... continue reading


Is it time to stash money under mattress? 'It's time to hold physical cash,' fund manager says Watch

Image of Ian Spreadbury declined to predict the exact trigger but said it was more likely to happen in the next five years rather than 10.

By Catholic Online (NEWS CONSORTIUM)

Is it time to cash your paycheck and then stick it into a hatbox for a rainy day? According to British fund manager Ian Spreadbury, who invests more than £4 billion of investors' money is gravely concerned that a "systemic event" could rock markets. The upset ... continue reading


In spite of strong showing, Ron Paul predicts Apocalypse on Wall Street Watch

Image of Ron Paul has predicted economic doomsday previously. As stocks continue to make new highs, he remains just as convicted as ever that there

By Catholic Online (NEWS CONSORTIUM)

Things seem to be on an even keel right now but according to former Representative Ron Paul, the Federal Reserve's easy money policies have left stocks and bonds are on the verge of a massive collapse. LOS ANGELES, CA (Catholic Online) - "I am utterly amazed at ... continue reading


The U.S. public is asked - Which woman do YOU want to see on the new $10 bill? Watch

Image of The new $10 bill will also include a

By Catholic Online (NEWS CONSORTIUM)

It's a question being posed to the American public... which American woman do they want to see on the new $10 bill? The revamped $10 bill will go into effect in the year 2020. U.S. Treasury Secretary Jack Lew wants the next generation of U.S. currency to ... continue reading


Who gave them the right to freeze the national debt? Watch

Image of Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders in March that informed them that he was planning to declare a

By Catholic Online (NEWS CONSORTIUM)

There is such a thing as taking a "bull by the horns," but one wonders who granted them this extraordinary power. Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders in March that informed them that he was ... continue reading


Denied for faith: Arizona man allegedly rejected from job for being an 'obese Christian' Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

After being rejected from a job at a web hosting company, a man received an email that allegedly had an attachment where he learned the reasons why he wasn't accepted. According to his statements, he was rejected because of his faith and his weight, as stated in the ... continue reading


'We're in for a huge change in society,' billionaire Cartier owner declares Watch

Image of Nicknamed

By Catholic Online (NEWS CONSORTIUM)

Johann Rupert, the executive chair of luxury brand company Richemont in South Africa has a sobering view of the future. Making billions peddling Cartier jewelry and Chloe fashion, Rupert says that the tension between the rich and poor is set to escalate as ... continue reading


14 years after 9/11, One World Trade Center lacks the bustle of the old Twin Towers Watch

Image of The new One World Trade Center lacks the bustle of the old, with a third of its office space remaining empty.

By Matt Waterson (NEWS CONSORTIUM)

Following the aftermath of the September 2001 attacks in New York, Larry Silverstein, the property developer who had bought the lease to the World Trade Center for more than $3 billion, vowed he would rebuild. LOS ANGELES, CA (Catholic Online) - Almost a decade ... continue reading


Aging global population threatens to send world debt OUT OF CONTROL, Goldman Sachs warns Watch

Image of Part and parcel of Japan's economic crisis is the rise of male

By Catholic Online (NEWS CONSORTIUM)

The global economy is going to need a new business model - and fast. According to international financial adviser Goldman Sachs, the world's growing aging population - coupled with the reduction of young workers, the world is drowning in debt that it will be ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Genesis 19:15-29
15 When dawn broke the angels urged Lot on, 'To your ... Read More

Psalm, Psalms 26:2-3, 9-10, 11-12
2 Probe me, Yahweh, examine me, Test my heart and my ... Read More

Gospel, Matthew 8:23-27
23 Then he got into the boat followed by his ... Read More

Saint of the Day

Saint of the Day for June 30th, 2015 Image

First Martyrs of the See of Rome
June 30: The holy men and women are also called the ďProtomartyrs of ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter