Earnings: iPhone Boosts Customer Growth At Swisscom; Hits Core Profit

image Sales of the iPhone helped generate 44 percent growth in new mobile subscribers in the third quarter, compared to the first two quarters, for Swiss telco Swisscom, but the boost came at a price. Core profit dropped 3.6 percent in the third quarter to 1.19 billion Swiss francs ($1.03 billion), when iPhone subsidies and dealer commissions shaved off 45 million Swiss francs ($38.5 million) in EBITDA.

Swisscom, however, called the iPhone costs an

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