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Rank: 8 (Previous rank: 10)
Compare tool: AT&T vs. Top 10 CEO: Randall L. Stephenson Address: 208 S. Akard St. Dallas, TX 75202 Phone: 210-821-4105 Website: www.att.com You'd think that as the exclusive wireless carrier for Apple's iPhone, AT&T would be making big money on the hyper-popular device. You'd be wrong.
AT&T is kicking back a huge share of its iPhone sales to Apple -- a subsidy that cost the carrier $450 million in the fourth quarter of 2008 alone. AT&T is betting that the payoff will come when all those iPhone customers start racking up heavy Internet usage charges year after year after year. - J.B. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Industry: Telecommunications
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Rank # of Fortune 500 Companies | |
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Texas | 64 |
New York | 56 |
California | 51 |
Company | Rank |
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Valero Energy | 10 |
Microsoft | 35 |
Goldman Sachs | 40 |
Company | 2008 $ (millions) |
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Exxon Mobil | $45,220.0 |
Chevron | $23,931.0 |
Microsoft | $17,681.0 |