AT&T profits beat forecasts

AT&amp;T reported stronger-than-expected third quarter profits as the wildly popular iPhone helped it land a record number of new wireless customers for the period.<br /><br />Investors have worried about AT&amp;T&rsquo;s dependency on Apple&rsquo;s iPhone for growth, but for now it is paying big dividends. AT&amp;T, which has exclusive US rights to the phone, said it was boosted by 3.2m iPhone activations in the quarter, with nearly 40 per cent of those new to AT&amp;T. <br /><br />Profits for the period between July and September came in at $3.19bn, down 1.2 per cent.