AT&T said it added 684,000 connected cars to its network in the first quarter as the company races to find its future growth in the Internet of Things.
The telecom giant reported first quarter earnings of $3.2 billion, or 61 cents a share, on revenue of $32.6 billion, roughly flat with a year ago.
AT&T added 1.2 million smartphones to its base in the first quarter with a churn of 1.02 percent. AT&T also reported 1.2 million total wireless net additions, including 684,000 connected cars.
AT&T CFO John Stephens said “We also saw the future of the Internet of Things, and developed platforms, such as the connected car and home automation. We now have more than 20 million connected devices on our network.”