PDAStreet: News: AT&T Tops Estimates as iPhones Surge

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PDAStreet.com > News > AT&T Tops Estimates as iPhones Surge

AT&T Tops Estimates as iPhones Surge

By Michelle Menga
October 22, 2009

AT&T's (NYSE: T) third-quarter income may have plateaued while revenues sagged slightly, but the nation's No. 2 mobile carrier juiced up a whopping 3 million iPhones and posted huge gains across the board in wireless services.

Despite the impressive wireless numbers, the company must absorb the immediate hit it takes from selling the iPhone at a discounted price, though over the long haul it realizes a profit from data plans and services the new subscribers use.

Get the full story here at InternetNews.com.


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