Monday, January 31, 2011

ECONOMY AND IPHONE SUBSIDIES TRIM AT&T'S 2Q PROFIT (AP)



A customer walks out of an AT&T store in San Jose, Calif., Wednesday, July 22, 2009. AT&T said Thursday, July 23 its earnings fell 15 percent in the second quarter as it subsidized a record-setting launch of a new iPhone model. The weak economy also continued to sap its landline business.(AP Photo/Marcio Jose Sanchez)AP - AT&T Inc.'s earnings fell 15 percent in the second quarter as it subsidized a record-setting launch of the newest iPhone. The weak economy also continued to sap its landline business.




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