AT&T Profits Rise Despite iPhone Disappointment

With all the hype of the iPhone, activations fell short of the expected 250,000+ depending on analyst. We'll see as all of the eBay activations start to come in and what happens in the ensuing months.

AT&T Inc. on Tuesday posted a higher-than-expected quarterly profit on strong wireless subscriber growth, but failed to excite investors as the first two days of iPhone sales fell short of forecasts.

AT&T, the sole U.S. service provider for Apple's first phone, said it activated 146,000 iPhone subscribers in the first two days after launch on June 29.

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