It’s not only Apple (NASDAQ:AAPL) benefiting from record-setting sales of the iPhone 6 — Telus, too, is feeling the love with quarterly gains in revenue and wireless subscribers thanks to mobile fanatics.
Revenue at the Vancouver-based telecom giant jumped 5.4% to $3.03 billion compared with the same period a year ago, according to financial results released November 6.
This marks the first time Telus has exceeded the $3 billion threshold during a quarter.
“Canadians have a world-leading, pretty much, appetite for using data on their smartphones,” Telus chief corporate officer Josh Blair told Business in Vancouver.
“Definitely there was excitement and good take around the iPhone 6 and the iPhone 6 Plus.”
The release of the new iPhones helped the company boost its contract wireless subscribers by 6.6% during Q3, as the company added 113,000 more customers compared with the 106,000 added during the same period last year.
Overall, Telus has a subscriber base of 8 million.
The number of customers leaving Telus also fell from a rate of 0.99% in 2013's Q3 to 0.9% during this latest quarter.
A November 4 report from the Commission for Complaints for Telecom Services found Telus had the fewest number of complaints among the big three providers.
While Bell (TSX:BCE) accounted for 32% of the 11,300 complaints sent to the commission and Rogers (TSX:RCI-B) accounted for 21%, Telus accounted for just 6% of complaints.
But profit fell slightly compared with the same period a year ago, dropping from $356 million to $355 million. However, adjusted profit — which takes into consideration restructuring and other costs — was at $387, a 6% increase from a year prior.
Blair also singled out a growing base of TV and Internet subscribers for the company’s strong quarterly performance, as well as the company’s tech-based health care services division.
