12:12 PM, Jan 08. AT&T (T -2.5%) remains negative after reporting it sold 10M smartphones in Q4. One concern: smartphone subsidies will depress AT&T's Q4 margin, and since much of Ma Bell's base already owns a smartphone, the service revenue benefit might not be huge. Apple (AAPL) has given up its early gains. With research firms having reported the iPhone is doing very well in the U.S relative to Europe/China, sales concerns mostly revolve around international markets. The AT&T report comes as Tim Cook pays another visit to China - is he there to nail down the elusive China Mobile deal? Read comments
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