AT&T Stocks Down, iPhone Sales Up

As if anyone is surprised about this one, iPhone sales in the US remain strong and are more than likely responsible for a good portion of AT&T’s estimated 2.36 million new subscribers in the 4th quarter alone.  What’s interesting is that following last Tuesday’s announcement from CEO Randall Stephenson regarding weakened consumer wireline business, the stock took a nose dive (10% in a day, ouch).  Considering this blogger hasn’t had a wireline phone in over 4 years, I suppose it’s understandable.  It is, however, possible that their wireless subscriptions are simply stealing business from the aging wireline business.  Sounds to me like AT&T needs to make sure when their wireline subscribers are ready to move on to wireless-only connections, they better be there with iPhones in hand.

via RCR Wireless News