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iPhone Continues to Dominate Mobile Web Traffic; Android Posts Gains


23/07/2009

America’s leading telecom carrier, AT&T, has reported a 15.2% drop in second quarter earnings, resulting primarily from an ongoing decline in the wireline telecom market.

AT&T generated $3.2 billion in earnings during the second quarter of 2009, compared to $3.7 billion in the same period a year earlier. The company’s wireline division saw a 36% decline in profits, generating just $2 billion, compared to $3.1 billion in the second quarter of 2008.

AT&T CEO, Randall Stephenson, put a positive spin on the quarterly results, pointing to ongoing growth in the carrier’s wireless division, which added a net total of 1.15 million subscribers in the second quarter.

“Our wireless momentum is excellent, operational execution and cost management continue to be strong,” Stephenson said in a prepared statement earlier today. “We continue to expand our all-IP AT&T U-verse platform to deliver broadband to more homes. We’ve increased our backbone capacity and continue to enhance our premier set of advanced global business solutions. These are AT&T’s strengths, and these are the drivers that will lead growth as the economy turns.”



 

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