AT&T profit rises thanks to wireless and iPhone sales

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AT&T profit rises thanks to wireless and iPhone sales

New York (NY) – AT&T’s quarterly profits rose more than 20% thanks to healthy sales in wireless products and the Apple iPhone.  The exclusive US carrier of iPhones saw first quarter profits rise from $2.85 billion from the same period last year to $3.46 billion this year.

The company said it gained 1.3 million net wireless subscribers for the quarter.

Read more … Reuters.