Jan

25

2007 4Q Financial Reports

Posted by cellphones

January 25, 2008 |

In a stunning announcement AT&T Mobile added a U.S. Wireless Company record of 2.7 million new activations in the 4th quarter of 2007, this contributed to them eclipsing the 70 million subscriber mark. Profits soared to $3.14 billion, a 62% increase from 2006, ARPU went over $50, and data revenues increased over 50%. Of course the iPhone was the main reason for these results but still these numbers have to be putting the fear into the other wireless companies as all will be feeling the effects of the economic downturn in the upcoming quarter.

In related news Sprint Nextel lost a staggering 683,000 subscribers while losing over 200,000 prepaid as well. As can be expected with this type of devastating financial news the company has announced the firing of CFO Paul Saleh, CMO Tim Kelly and president of sales and distribution Mark Angelino,. This seemed inevitable after last weeks stock sell off that saw them lose some 25% of their company’s value. A shakeup was in order but I cant imagine how this will help a company that was already in turmoil.

In handset news Nokia increased its market share to 40% while increasing its profit by over 44%, while Motorola took a tumble in market share back to 2001 levels with 12.3% market share in the fourth quarter which is down from 22.4% in the fourth quarter of 2006. This has to be alarming for a company that had worked so hard to cut into Nokia’s dominance. I guess the plethora of RAZR’s and ROKR’s weren’t the innovations customers were looking for in 2007. This news of course was applauded by Samsung who took advantage of the situation by jumping into the #2 position.

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