AT&T Profits Boosted by Wireless Sales and iPhone

Wireless subscriptions reached 65.7 million
By Sam Gale Rosen,  Newser Staff
Posted Oct 23, 2007 5:06 PM CDT
The AT&T, Inc. logo is seen on on of the company's buildings in San Antonio in this April 25, 2006 file photo. AT&T Inc., the nation's largest telecommunications company, on Tuesday, Oct. 23, 2007 reported...   (Associated Press)
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(Newser) – 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.