Smartphones Sales Soaring

Posted on: 5:02 pm, January 8, 2013, by Staff Writer

(FOXNEWS BUSINESSES) – AT&T Inc. (T) sold more than 10 million smartphones in the fourth quarter, topping its previous record of 9.4 million smartphones set a year earlier.
The telecommunications company said it averaged more than 110,000 smartphone sales a day.

AT&T’s wireless division has seen higher revenue and less turnover thanks in part to the increased use of smartphones. The company has said strong consumer demand for Apple Inc.’s (AAPL) iPhone 5 should help it meet its goal of selling at least 25 million smartphones this year.

The company plans to release its fourth-quarter results after market close on Jan. 24.
AT&T’s third-quarter profits edged up 0.3% as the number of new wireless contract subscribers slowed.