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More on AT&T's (T +2.2%) Q1: A 41% Q/Q smartphone sales drop contributed to AT&T's...

More on AT&T's (T +2.2%) Q1: A 41% Q/Q smartphone sales drop contributed to AT&T's wireless operating margin rising to 27.2%, up 140 bps Y/Y and 1200 bps Q/Q. Also, Ma Bell delivered 726K wireless net adds (includes 460K tablet/PC data plans) and churn of 1.1% (1.21% in Q4), and a 1.7% Q/Q increase in ARPU to $64.46. 200K U-Verse TV subs were added and wireline data revenue rose 8.7% Y/Y, but wireline voice fell 10%. (PR)

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