Apple (AAPL) on Watch as AT&T (T) Expects Strong Q2 Wireless Sub Adds
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Price: $309.35 -0.63%
Financial Fact:
Cost of sales: 29.04B
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Cost of sales: 29.04B
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Apple (Nasdaq: AAPL) could move higher on the session Friday following preliminary Q2 guidance from AT&T (NYSE: T) released Thursday night.
After markets closed on Thursday, AT&T said it expected net sub additions of about 500,000 for the current quarter, compared with 296,000 net sub adds in Q1. The company also said it launched "several successful promotions in the quarter which are driving strong sales, higher gross adds and smartphone upgrade rates similar to the first quarter."
Amid the strong Q2 expectations, AT&T remained firm on its fiscal 2013 outlook.
AT&T activated 4.8 million Apple iPhone units in Q1, accounting for 12.8 percent of total iPhone activations. There was no smartphone data given with AT&T's latest release.
Into the open, AT&T shares are indicated lower.
After markets closed on Thursday, AT&T said it expected net sub additions of about 500,000 for the current quarter, compared with 296,000 net sub adds in Q1. The company also said it launched "several successful promotions in the quarter which are driving strong sales, higher gross adds and smartphone upgrade rates similar to the first quarter."
Amid the strong Q2 expectations, AT&T remained firm on its fiscal 2013 outlook.
AT&T activated 4.8 million Apple iPhone units in Q1, accounting for 12.8 percent of total iPhone activations. There was no smartphone data given with AT&T's latest release.
Into the open, AT&T shares are indicated lower.
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