AT&T Q1 Earnings Fall 9.7 Percent

AT&T has announced its first quarter earnings for the period ending March 31st 2009, and it can be seen that the company’s earnings fell 9.7 percent. It’s reported that that company earned $3.126 billion in the first quarter, which is 53 cents per share, down year-over-year from $3.471 billion (57 cents per share). One of the more interesting points of the report is that the company activated 1.6 million iPhone 3G smartphones during the first quarter, which is certainly an impressive feature. Randall Stephenson, AT&T chairman and chief executive officer said:

“I am particularly pleased with the success of our iPhone 3G initiative, which has driven strong high-end customer growth and delivered financial benefits ahead of our original outlook,”