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AT&T iPhone 3G sales boosts profits to expected $3.1 billion

AT&T yesterday reported a 1st quarter profit larger than expected, and this was due to increased Apple iPhone 3G sales along with the customer adoption of AT&T’s U-verse TV and broadband services states an article over on dallasnews.

AT&T reported $30.6 billion revenue in the quarter which is down from $30.7 billion the previous year and below the expected $31.1 billion by analysts.

On the other hand, AT&T announced a profit of $3.1 billion or 53 cents per share which was better than expected but still down from the previous year of $3.5 billion or 57 cents per share, while analysts had predicted a profit of 48 cents per share.