AT&T sells 6.1 million smartphones as profits outpace estimates

10/24/2012 | ZDNet · Reuters · Yahoo

AT&T added 151,000 new contract subscribers and sold 6.1 million smartphones -- 1.3 million more than in the same quarter last year -- in reporting a $3.6 billion profit that surprised Wall Street on the upside. The carrier moved 4.7 million iPhones, a figure that was depressed due to a shortage of the new handsets, AT&T said. Wireless revenue experienced a 6.6% gain during the quarter, coming in at $16.6 billion. The telecom upped its 2012 free-cash-flow outlook to $18 billion.

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