AT&T Activated 2.4 Million iPhones In Q2

iphone guy att store

Apple’s (AAPL) iPhone continues to do wonders for AT&T (T), its exclusive U.S. carrier.

AT&T said it activated 2.4 million iPhones during Q2, its best-ever total. Presumably, that includes some old, used phones that Apple didn’t ship last quarter. But assuming most of the iPhones activated were new ones, that’s about 45% of Apple’s 5.2 million June quarter total. (And it’s about 70% of all smartphones AT&T activated last quarter.)

While subsidizing the iPhone is costly for AT&T, it makes up for it with high-spending, low-churn customers — and, simultaneously, by keeping those customers away from its competitors like Verizon Wireless. To that point: AT&T reported a record low 1.09% postpaid churn, and record low 1.49% overall wireless churn.

AT&T says it added 1.4 million net new wireless subscribers last quarter, including 1.2 million postpaid subs, its best Q2 ever, and up 30% over postpaid growth in Q2 ’08.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.