AT&T profit down on iPhone, costs (Reuters)

A customer glances at a poster advertising Apple's iPhone 3G at an AT and T store at the University Mall in Orem, Utah, July 10, 2008. (George Frey/Reuters)Reuters – AT&T Inc said its fourth-quarter profit fell despite higher wireless sales, as the top U.S. phone company paid high subsidies to support Apple Inc’s popular iPhone and traditional phone users disconnected their service.

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