Fueled by strong smartphone sales and a solid increase in wireless subscribers, AT&T reported second quarter revenue of $31.5 billion, a 2.2 percent year-on-year increase.
The telecom giant sold 5.6 million smartphones, which accounted for nearly 70 percent of total postpaid sales, and added 1.1 million wireless subscribers, including 331,000 postpaid subscribers.
It's important to note that while AT&T activated 3.6 million iPhones (24% of which were new subscribers), it also doubled the sales of Android and other smartphones, which accounted for 40 percent of smartphone sales in the quarter, meaning that the company's diversification into Android devices paid off big time.
The company also added 545,000 so-called "branded computing subscribers", which include data-only devices such as tablets, MiFis, aircards and tethering plans, and experienced a 23.4 percent growth in wireless data revenues.