The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

AT&T: 40 percent of iPhone sales are to business users

Related Topics

A customer looks over the Apple iPhone 3GS at the company's retail store in San Francisco, California June 19, 2009. REUTERS/Robert Galbraith

A customer looks over the Apple iPhone 3GS at the company's retail store in San Francisco, California June 19, 2009.

Credit: Reuters/Robert Galbraith

NEW YORK | Thu May 27, 2010 3:59pm EDT

NEW YORK (Reuters) - AT&T Inc said on Thursday that 40 percent of its iPhone sales since the beginning of the year have been to business customers, suggesting that the phone is encroaching on an area dominated by Research in Motion's BlackBerry.

AT&T also generates almost half of its total revenue from business customers, said Ron Spears, the head of the company's business services, at an investor conference.

The company would not say how many iPhones it sold during that period.

Analysts estimate that AT&T, which started selling iPhone in 2007, has about 15 million iPhone users or 17 percent of its total customer base. RIM reported a total customer base of about 41 million for the BlackBerry in its most recent quarterly report.

Comparing those numbers is difficult, however, because AT&T serves U.S. customers, while RIM's customer base includes the United States and other countries.

This includes wireless and wireline services and would imply business revenue of almost $62 billion revenue for 2010, based on analyst expectations for 2010 total revenue of $124 billion, according to Thomson Reuters I/B/E/S.

In 2009, the company said that its wireline service revenue from business customers was about $40 billion out of total revenue of about $123 billion.

AT&T shares were up 41 cents or 1.7 percent to $24.54 in afternoon trading on the New York Stock Exchange.

(Reporting by Sinead Carew. Editing by Robert MacMillan)

Related Quotes and News

Company
Price
Related News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (5)
pkhsk wrote:
The numbers provided by AT&T are a hoax.

I have been an iphone user since its inception. AT&T asks us to provide our corporate email address so we can be elegible for a discount. Considering how expensive the iphone plan is any user would welcome any discount available to them (iphone = 7%) Being part of this discount program automatically makes you a business customer in AT&T’s database.

My corporation does not allow iphones on the network as they do not pass corporate security guidelines. I know a bunch of other people that own iphones and are in the same predicament. These people work for companies like Deloitte,Pricewater House Coopers, Ernst and Young, Goldman Sachs, IBM etc

May 27, 2010 4:57pm EDT  --  Report as abuse
manager02 wrote:
We should be beyond the AT&T bashing. Who else has set these types of records with smartphones.Get a iPhone at the link
http://dlservicesincservices.com/AppleiPhones.aspx

May 27, 2010 5:11pm EDT  --  Report as abuse
GPSPaul wrote:
Personally I think broadcasting current Internet search results via Smartphone will soon have us all experiencing the same problems we have all had on our computers – spam, porn, pop-ups, viruses and the like, perhaps this is the future situation that the “companies” should concentrate on.

There is a far greater responsibility here when you start to think in which direction these companies will be directing our children and vulnerable family membersvia GPS.

A new set of listings HAS to be used.

How many times have you found the search result you were looking for when on your computer at home or work? How many results do you receive that have been paid for? How many times do you receive results that are very remotely close to the subject you were searching for?

Now factor in GPS – you are in a new town and need something, so you search via Smartphone. All the above problems will appear; this is why GPSLocals are investing time and money to ensure user safety as well as updated information that has been validated, confirmed and checked out.

We are not in competition with the likes of Google, Yahoo or any search engine, we are not in competition with any phone manufacturer or “APP” developer.

GPSLocals have clearly stated we are happy to share our listings FOR FREE.

This way we can ALL use GPS enabled devices securely with the knowledge that the information is correct.

if only 40% of AT&T where business this means the “other” 60% users are the public…..

May 27, 2010 5:36pm EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.