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AT&T Ups 2012 Smartphone Sales Estimate by 1 Million

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AT&T (NYSE: T  ) anticipates that it will sell 1 million more smartphones in fiscal 2012 than it previously expected, said the president and CEO of its Mobility unit. In a keynote address delivered at UBS's annual Global Media and Communications Conference in New York,Ralph de la Vega said that strong Q4 sales beginning with Black Friday indicated that AT&T would sell around 26 million of the devices this year, as opposed to its previous estimate of 25 million.

De la Vega also said the company has "worked through" its supply issues with Apple's (Nasdaq: AAPL  ) most recent offering, the iPhone 5. He added that sales of competing devices such as Nokia's (NYSE: NOK  ) Lumia 920 -- which the telecom provider carries exclusively -- have been strong lately.

Additionally, de la Vega said the shared-data plans introduced several months ago are popular, adding roughly 5 million customers since launch.

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  • Report this Comment On December 05, 2012, at 5:56 PM, dwilh51183 wrote:

    Just like AAPL introduced the "AAPL MINI" TO COMPETE w the kindle fire, and it is kicking amzn's will AAPL introduce an IPHONE classic cheaper phone for the poorer economies. AAPL is in good hands and I am sure they are working on this phone right now to gain back market share. Tim Cook is a great CEO

    APPLE WILL HAVE AMAZING EARNINGS the next 3 quarters ,and the money (sellers) will all pile back in for the ride back up to $900.00 a share.AAPL IS JUST TOO GOOD OF A COMPANY TO COLLAPSE

  • Report this Comment On December 05, 2012, at 6:04 PM, TMFVolkman wrote:

    dwilh51183, the tablet space just gets more and more competitive. As for phones, Apple's budget iPhone has been whispered about for a long time now, but we haven't seen anything concrete yet. Meanwhile, the Apple bulls seem to be coming back despite the recent share price hits. For a sharp take on the company's many strengths, take a look at my fellow Fool Eric Bleeker's video report --

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