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Business

AT&T net flat due to iPhone supply

AT&T said Wednesday that subscriber growth in the latest quarter was stifled by a limited supply of the iPhone 5, but that sales of smartphones and mobile data plans remained strong.

The company reported that third-quarter earnings were essentially flat at $3.64 billion, or 63 cents a share, compared with earnings of $3.62 billion in the period a year earlier. Revenue was also flat at $31.46 billion.

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