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iPhone profits piling up for AT&T, Apple (Honolulu Advertiser)

Sunday 26 April 2009 @ 8:33 am

It’s official: The iPhone is a recession-defying powerhouse, fueling strong quarterly results for both AT&T and Apple. AT&T, which pays Apple about $300 for every device sold, added 1.2 million wireless subscribers, ending the quarter with 78.2 million. That propelled its first-quarter profit of $3.13 billion, or 53 cents per share — topping analysts’ expectations of 48 cents per share.

[News Source]

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