22.08.2012 18:20 Uhr, Quelle: MacNN

China Telecom subscribers rise on iPhone 4S sales

China Telecom added 8.35 million subscribers during its second quarter, something attributed to launching the iPhone 4S in March, Bloomberg reports. Net income dropped 10 percent year-over-year from 5.05 billion yuan to 4.55 billion yuan, or $716 million. The figure did however exceed a 4.4 billion yuan median between seven analysts; Telecom says the iPhone should improve long-term growth while putting "short-term pressure" on profit margins, since it is paying high subsidies for each iPhone upfront instead of over the course of a contract.

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