AT&T reports Q2 financial results; fast-selling iPhone 3G.

Wednesday, July 23, 2008 at 01:35 PM | Posted by kazouz

AT&T today reported solid second-quarter financial results, highlighted by strong wireless growth, double-digit gains in revenues from IP-based data services and further expansion of consolidated margins.

For the quarter ended June 30, 2008, AT&T’s consolidated revenues totaled $30.9 billion, up 4.7 percent versus reported results in the year-earlier quarter and up 3.6 percent compared with second-quarter 2007 pro forma revenues.

On Apple’s iPhone 3G sales, AT&T CEO Randall Stephenson said:

“The Apple iPhone 3G is a dramatic example of this transformation. In the days following our exclusive U.S. launch of this new device, powered by the nation’s fastest 3G wireless network, customer response has been everything we had anticipated and more. This strengthens our wireless business, and it reinforces our positive view of the opportunities ahead for AT&T and the industry.”