NEW YORK (Reuters) - Profits at the three largest U.S. phone carriers are being squeezed by steep discounts on advanced cell phones, triggered by AT&T Inc’s (T.N) hefty subsidy for the iPhone.
AT&T, Verizon Communications Inc (VZ.N) and Sprint Nextel Corp (S.N) are expected to show a drop in wireless profit margins when they report third-quarter [...]
Daily Archives: October 20, 2008
iPhone squeezes phone
October 20, 2008 – 9:23 pm