Shares of AT&T Inc., the exclusive carrier for Apple Inc.'s iPhone in the U.S., rose in extended trading Tuesday after Apple said it had sold 6.9 million phones in two months.
AT&T's stock was up 85 cents, or 3.3 percent, at $26.58.
In reporting its third-quarter earnings, Apple did not reveal how many of the 6.9 million iPhones were sold in the U.S., but investors clearly assumed that AT&T has benefited from the device's popularity.
The second model of the phone, the iPhone 3G, went on sale in the U.S. and 21 other countries on July 11.
AT&T reports its third-quarter earnings Wednesday morning, and analysts have been expecting the telecommunications company to report a gain of 1.8 million to 2 million wireless subscribers.
The first iPhone model was launched last year. It took Apple 12 months to sell 6 million units.
Source: AP News
