AT&T Reports Solid Q2, Nokia Not So Much

US Carrier AT&T and OEM Nokia reported Q2 earnings this morning. AT&T, the corporation, earned quarterly revenues of $31.5 billion, which were up slightly (2.2%) over a year ago. The company reported its "best-ever second-quarter smartphone sales." Meanwhile Nokia had a worse-than-expected quarter. Overall sales were off 11% and profit declined 44%. Smartphones declined 34%.

Below is a summary of each of the company's numbers.

AT&T Wireless:

  • Total wireless subscribers up 1.1 million to 98.6 million (33K contract subs added)
  • 70% of new contract sales were smartphones; total smartphones sold: 5.6 million
  • iPhone activations: 3.6 million (24% are new to AT&T)
  • Android (RIM and Windows Phones) now 40% of smartphone total
  • 23.4% growth in data revs: up $1 billion vs a year ago
  • ARPU: $63.87 

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Nokia:

Nokia saw revenues of EUR 9.3 billion, which were off 11% from a year ago. The company reported a loss of nearly EUR 500 million. Nokia sold 16.7 million smartphones vs. 25.2 million during Q2 of 2010 for a 34% decline. By contrast Apple sold 20.3 million iPhones this past quarter.

Overall sales of all mobile devices were off 20% vs last year. And all regions saw sales declines, especially Europe, North America and China. 

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Nokia reiterated that a Windows Phone would be out this year but declined to be more specific.