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AT&T posts higher-than-expected 2nd-quarter earnings

AT&T Inc pulled back its outlook for business services this year, sending its shares down 3 percent despite its better than expected quarterly profit as it reduced costs from customer upgrades to smartphones such as the Apple Inc iPhone.

 

Apple Q2 2010 Earnings Up 90 Percent On iPhone, Mac Sales

Blockbuster iPhone sales helped Apple Inc. blow past Wall Street's expectations with a 90 percent leap in net income for the most recent quarter. Shares of the company skyrocketed to an all-time high in extended trading Tuesday.

Apple said it sold a record 8.8 million of its popular iPhone smart phones in the three months that ended March 27, more than double the number sold a year ago. Revenue from the phones made up 40 percent of Apple's total revenue. The previous high was 8.7 million phones sold in the October-December quarter last year.

 

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