AT&T quarterly profits went up 42%, boosted by strong wireless sales and by the ever-nifty Apple iPhone. Total wireless sales hit 65.7 million, much of the increase coming from the company's purchase of BellSouth—which made AT&T the sole owner of Cingular. “We had an excellent quarter in wireless growth,” says the company's CFO.
AT&T's position as the only carrier for the iPhone is clearly providing a windfall as well. Yesterday, Apple reported that it had sold 1.4 million of the phones. Outside of wireless however, customers are continuing to move to other companies. In response, AT&T is aggressively pushing its new TV service.