AT&T ( has announced its fourth quarter fiscal results highlighted by record sales, strong wireless network performance and improved wireline revenue trend, according to Randall Stephenson, AT&T chairman and CEO. What’s more, iPhone activations set a record.

For the quarter ending Dec. 31, 2011, AT&T’s consolidated revenues totaled US$32.5 billion, up $1.1 billion, or 3.6%, versus the year-earlier quarter.
Compared with the fourth quarter of 2010, operating expenses were $41.5 billion versus $29.3 billion; operating loss was $9.0 billion, compared to operating income of $2.1 billion; and AT&T’s operating income margin was 27.7%, compared to 6.7 percent.

The fourth quarter was AT&T’s best ever for iPhone activations. The company saw 7.6 million iPhones activated out of the 9.4 million smartphones it sold.