October 23, 2009

iPhone Continues to Boost AT&T, But Exclusivity Might End Soon

AT&T today reported stronger than expected profit for third quarter of 2009. AT&T’s revenue was down 1.6 percent to $30.9 billion, but the company earned $3.2 billion profit. AT&T’s profit remained high, even though their enterprise and landline revenue declined by 10.4 percent and 7 percent respectively. iPhone was one of the main contributors with 3.2 million new iPhone activations, which helped AT&T attract 2 million new customers.
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