AT&T profits up, but stock takes hit after hot gadget cools
(NEWSER) - Sales of the iPhone, the joint Apple-AT&T venture that jolted the tech world in June, have cooled—only 200,000 units moved this month, compared to an estimated 700,000 during the premiere weekend alone. Apple shares were down more than 6% today on the news. Meanwhile, AT&T profits jumped 61% in the second quarter: Bloomberg reports that the telecom giant's net income rose to $2.9B from $1.8B. More»
