The third quarter ended on September 30th, a little less than two weeks ago. And while many companies have not yet announced their quarterly earnings just yet, we should start seeing those in the next few weeks. As is normal, analysts are out giving their opinions and thoughts on what AT&T (and other carriers as well) might announce with their Q3 earnings. Some analysts believe that the carrier will add fewer Postpaid adds in the quarter, with prepaid hogging the spotlight. Analysts from Wells Fargo noted in a research note this morning, that they believe the company will add 275,000 postpaid lines. That's a pretty significant drop from their original estimate of 500,000 for the quarter.
On the prepaid side of things, these analysts from Wells Fargo believe that AT&T will add around 325,000 prepaid lines in the quarter. A significant increase from their original estimate of around 75,000. It's worth noting that on the postpaid side, AT&T stuck with their pricing instead of getting into the pricing war with T-Mobile and AT&T. On the prepaid side, they did get even more competitive using their Cricket brand, to compete with T-Mobile, Boost Mobile, Virgin Mobile and Sprint Prepaid. With their other prepaid brand, GoPhone, they increased data on their $60 plan back in August, without increasing the price. Which surely would bring in some more prepaid customers to the carrier.
Analysts believe that AT&T will have almost the same amount of adds as T-Mobile for the quarter. Which T-Mobile's CEO announced in mid-September that his company had already passed the number of adds reported in the second quarter, which was 2.1 million. So we're looking at another rather large quarter for the third largest carrier - formerly the fourth, but passed Sprint after Q2. AT&T has been adding a slew of cars to their network, with adding over a million in the second quarter, which could be something that happens again this quarter. To help boost their numbers.
On October 22nd, AT&T will announce their earnings for the third quarter. So make sure you keep it locked to Android Headlines for all of the details from AT&T's third quarter, as well as their competitors. We should hear from T-Mobile, Sprint and Verizon within days of AT&T's announcement as well.