AT&T's iPhone and smartphone activation numbers helped boost both its wireless revenues, as the company reported wireless service operating revenues of nearly $14 billion in the first quarter of 2011, an 8.6% increase from the $12.8 billion in wireless service operating revenues it reported in the first quarter of 2010. The carrier's earnings were also impressive during the quarter, as it reported a net income of $3.5 billion, or 36.5% more than the $2.5 billion net income it reported in the first quarter of 2010.
AT&T ended the quarter with 97.5 million total wireless subscribers, an increase of 12.1% from the 87 million wireless subscribers it reported a year ago. Postpaid subscriptions, which generate significantly more revenue per user than prepaid subscriptions, account for 70% of AT&T's total wireless subscriptions in the quarter. The company's wireless churn rate, or the rate at which it turns over wireless customers, remained relatively steady at 1.36%, up slightly from the 1.3% it reported in last year's first quarter.
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