In its last earnings call in April, AT&T said it hit its quarterly numbers while experiencing strong growth in its wireless, broadband and enterprise divisions. At the time, CEO Randall Stephenson said that "revenue growth continues to ramp, we have good momentum across key growth areas, major cost initiatives are on track, and our operational results reinforce the confidence we have in our outlook."
I also like the recent news from the company. Yesterday, AT&T revealed the pricing structure for Apple's(AAPL Quote) 3G iPhone. AT&T will start selling the next-generation iPhone July 11. Additionally, consumers will have the option to buy the iPhone without a contract, a move that will surely put the screws to competitors such as Sprint Nextel(S Quote) and Verizon(VZ Quote). The company will offer a discount -- $199 for the 8-gig model or $299 for the 16-gig one - to certain subscribers, with a two-year contract. Others customers who do not qualify for that discount can buy 8-gig and 16-gig phones for $399 and $499, respectively. Both require a two-year contract. The most interesting part of the announcement was that AT&T said that in the future it will offer consumers the option to buy the 8-gig phone for $599 and the 16-gig one for $699 without a contract. Go long with this one, and remember, keep moving the chains!- Loading Comments...
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