AT&T doing “OK”, reports 42 percent increase in income

As if getting exclusive rights to just about every new handset of not wasn’t enough, it seems that the company is also turning record profits. AT&T announced today that they pulled in a net income of $3.1 billion in Q3 this year, crushing the competition in their path. This amounts to a 42 percent increase over the same time frame last year. It’s a sizable change in which last year’s profits held firm at $2.2 billion. While much much of this progress is due to the company’s acquisition of Bell South, they also got more than a little help from a tiny and not-hyped product known as the iPhone.

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