Jeff Campbell
07-23-2009, 07:00 PM
<div class='os_post_top_link'><a href='http://www.appleinsider.com/articles/09/07/23/att_quarterly_earnings_fall_on_cost_of_iphone_subsidy.html' target='_blank'>http://www.appleinsider.com/article...ne_subsidy.html</a><br /><br /></div><p><em>"AT&T's second quarter earnings beat Wall Street estimates, but still fell 15 percent year over year, as the highly successful launch of Apple's iPhone 3GS -- a phone subsidized by AT&T -- affected the company's bottom line."</em></p><p><em><img src="http://images.thoughtsmedia.com/resizer/thumbs/size/600/at/auto/1248356684.usr105634.jpg" /></em></p><p>Coming in on the heels of Apple's <a href="http://www.applethoughts.com/news/show/94548/q3-results-for-apple.html" target="_blank">record setting quarter</a>, AT&T still beat the estimates but didn't have quite the numbers that Apple did. While the quarterly earnings numbers fell 15%, the customer base increased dramatically, adding 6.7 million customers from last year to boost their total customer base to 79.6 million customers. Still, their net income was $3.2 billion USD down from $3.8 billion USD the prior year and blamed on the dreaded subsidy associated with the iPhone. </p>