iPhone Sales And Acquistions Boost AT&T Profit By 41%
October 24, 2007 – 8:18 amIf you're new here, you may want to subscribe to our RSS feed. Thanks for visiting Planet Cell Phone!
Shareholders of AT&T stock should be pretty happy about the exclusive release of the Apple iPhone.
The company reported a 41% increase in profit for the third quarter of 2007.
Almost 2 million customers signed up for wireless service, lured by handsets with Internet access. Those users spent more on data services such as text-messaging and video downloads, helping to boost mobile-phone revenue to a record $10.9 billion.
Net income rose to $3.06 billion, or 50 cents a share, from $2.17 billion, or 56 cents, a year ago. The shares outstanding increased after the company bought BellSouth Corp. in December, causing earnings-per-share to fall from a year ago. Sales almost doubled to $30.1 billion.
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