With the postpaid business slowing down, AT&T has turned its eye to the connected devices business, connecting everything from picture frames to dog collars with a cellular signal. It's a relatively new area that AT&T has been particularly aggressive in pursuing, which has resulted in lower average revenue per user, but higher profits. AT&T added more than 1 million connected devices in the period. AT&T ended the year with 103.2 million wireless customers. Stephenson said prepaid would become a big priority for AT&T in the next 12 to 24 months, particularly as it frees up some 3G spectrum as customers move over to LTE. He said there remains an opportunity to provide prepaid customers with mobile data.
Carrier adds 717,000 new subscribers and activates 9.4 million smartphones, but pays the price with increased subsidies, AT&T ended 2011 on a down note, posting a massive, $6.7 billion loss in the fourth quarter due largely to a change in how it accounts for its employee pension benefits and the breakup fee it was required to pay after scrapping its bid to buy T-Mobile USA, The Dallas telecommunications giant posted a fourth-quarter loss iphone case quotes of $6.7 billion, or $1.12 cents a share, reversing a year-earlier profit of $1.1 billion, or 18 cents a share, Excluding the pension costs, breakup fee, and the impairment of its directory asset, the company earned 42 cents a share..
CNET también está disponible en español. Don't show this again. Overall handset sales dropped by 29 percent compared with a year ago. The company sold 19.6 million smartphones during the quarter and 93.9 million feature phones. In total, it sold 113.5 million devices, which is down from 123.7 million total devices in the fourth quarter of 2010. Nokia also saw prices for its handsets fall. The average price for a handset in the fourth quarter was 53 euros compared with 69 euros a year ago. Profit margins also fell considerably on mobile handsets to 3.4 percent. A year ago, Nokia reported profit margins of 12.7 percent on devices. And in the third quarter of 2011, it reported 12.1 percent.
On the bright side, the company's new Lumia smartphones that use the Windows Phone operating system are selling well, Nokia CEO Stephen Elop said in a press release that the company has already sold well over 1 million Lumia handsets since the introduction of the product in October, The company noted its plan to offer the Lumia series of devices iphone case quotes in additional markets, including China and Latin America in the first half of 2012, "In the war of ecosystems, clearly there are some strong contenders already on the field," Elop said in a statement, "And with Lumia, we have demonstrated that we belong on the field."..
Nokia, once the worldwide leader in cell phone sales, has seen sales slip since the introduction of Apple's iPhone in 2007. Google's introduction of the Android OS only made things worse for the company. Last February, Elop, the newly appointed CEO, announced that the company would abandon its older Symbian operating system and adopt Microsoft's Windows Phone platform for all new smartphones. The company lost several months of momentum as it switched gears. It's just started churning out products again.