So far, it's been a pretty interesting day, especially for AT&T who released their financial results today for the 1st quarter of 2009. What was interesting was that 40% of the new customers to AT&T were iPhone 3G activations...i mean, you know someone is seriously banking here...
Compared to the past, the number of activations are down but that could be attributed to the natural life cycle of Apple's iPhone product line...In the 4th quarter of 2008, there were 1.9 million activations, while in the 3rd quarter there were 2.4 activations. Of course, with this increase in activations, AT&T's revenue's gained 9.8% and accounted for 42.1% of their total revenue.
What should be even more interesting is Apple's earning call later today...Analysts will be watching closely to see how the recession has affected the companies earnings. In any case, the live audio conference will happen at 2 p.m. PDT and 5 p.m. EDT. For more details, follow the link provided above.
