Just as we're counting down the remaining time until Apple's earnings release, the company's trusted iPhone distributor AT&T reported corporate earnings related to the first three months of this year. The company added 1.2 million new subscribers and sold six million smartphones, of which 4.8 million were iPhones, accounting for a whopping 80 percent of new smartphone additions.
By contrast, rival Verizon last week said it added 677,000 net new subscribers during the first quarter. Additionally, out of the 7.2 million new smartphone owners in the quarter, Verizon reported that four million were iPhones.
Even with the slowing growth slowed, key metrics matched Wall Street expectations. That wasn't enough to prevent shares from going down by nearly 1.25 percent in after hours trading. We'll be listening to AT&T's conference call later this afternoon for additional data points...