3.2 Million iPhones: AT&T Has Biggest iPhone Quarter Yet
Submitted by Chad Shmukler on
AT&T has reported their best and biggest quarter of iPhone activations to date, with 3.2 million iPhones activated in the third quarter of 2009. Shares of AT&T jumped following the initial release of the news, but have since declined, despite AT&T reporting better-than-expected per share earnings.
AT&T has wagered heavily on its relationship with Apple and the iPhone, and it has paid off. Many analysts site the iPhone as the single biggest reason for the telecom giant's continued strength in a down turned economy.