AT&T earnings fall, but iPhone cushions the blow

(AP) -- Cost-cutting and the lure of the iPhone softened the effect of the weak economy at AT&T Inc., helping the country's biggest telecommunications carrier beat analyst estimates for the first quarter.

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<p><a href="http://www.physorg.com/news159623110.html">AT&T earnings fall, but iPhone cushions the blow</a></p> <p>(AP) -- Cost-cutting and the lure of the iPhone softened the effect of the weak economy at AT&T Inc., helping the country's biggest telecommunications carrier beat analyst estimates for the first quarter.</p>