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Technology Stocks : Apple Inc.

AAPL 278.06

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Dec 11 3:59 PM EST

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From: slacker711	12/7/2011 10:34:47 AM
	1 Recommendation Read Replies (2) of 213176

AT&T Expects Record Smartphone Sales in 4Q UBS Media & Communications Conference 2011 DALLAS--(BUSINESS WIRE)--John Stephens, AT&T Senior Executive Vice President and Chief Financial Officer, today announced that AT&T* is on track to break its single-quarter record for smartphone sales. Speaking at the UBS 39th Annual Global Media and Communications Conference in New York, Stephens said that AT&T sold about 6 million smartphones in the first two months of the fourth quarter. Because December is traditionally one of the strongest sales months, AT&T now expects to break the previous single-quarter smartphone record of 6.1 million. AT&T’s strong smartphone sales in part reflect a higher number of handset upgrades from customers who were waiting for the launch of a new iPhone. AT&T previously announced that it activated more than 1 million iPhone 4S’ in the first five days the device was available. AT&T said iPhone 4S sales remain strong. Only on AT&T’s network can iPhone 4S users download three times faster and talk and surf at the same time. Stephens also said today that AT&T will turn up additional 4G LTE markets, including New York City, this month, and expects to cover 70 million people with its LTE network by year-end 2011, consistent with its previously announced plans. The webcast of Stephens’ presentation will be available for replay on the AT&T Investor Relations website until Dec. 30, 2011.

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