AT&T's reporting Q3 revenues of $US30.1 billion for a net income of $US3.1 billion, nearly doubling the same quarter of last year's $US15.6 billion in revenues for a net income of $US2.2 billion (which was prior to its swallowing of BellSouth for total ownage of the Cingular venture). The real nugget of interest in the report, though, is that AT&T added 2 million wireless subscribers during the quarter—the highest Q3 increase in its history—for a total of 65.7 million subscribers. The natural assumption is to chalk the boost up to the iPhone, at least in part, of which 1.1 million were moved during the quarter. Verizon's earnings report drops on Monday, so we can head-to-head 'em to see whose loss is AT&T's gain, iPhone or otherwise. [AT&T]
AT&T Earnings Report: Big Wireless Subscriber Gains
Trending Stories Right Now
Elon Musk Hits Traffic Pylon With New Cybertruck After Dinner In Malibu
Billionaire tech icon Elon Musk turned a lot of heads in Malibu, California on Saturday night when he showed up to a swanky restaurant in his new Tesla Cybertruck. But Musk’s night on the town included at least one embarrassing hiccup. The founder of Tesla and SpaceX hit a traffic pylon with his shiny new vehicle that some Twitter users joked was roughly the height of a small child.
Jury Rules You Can Call Elon Musk A Pedo Guy
It took a federal jury in Los Angeles less than an hour to throw out a $US190 ($278) million defamation case against Elon Musk. Calling someone a “pedo guy” to an audience of millions of Twitter followers isn’t an accusation, the jury decided, because words are tricky little devils that can mean a lot of things and slinging nastiness on the internet, no matter how accusatory, doesn’t necessarily constitute defamation.