us phone giant at & t reported a significant 10 percent drop in quarterly product earnings on weekend but exceeded projections on a sizable increase in local production and improving performance by macintosh ' s iphone . net profit fell 9 . 7 seconds in the first quarter compared with the same half last semester to 3 . 12 million us dollars while revenue fell 0 . 6 percent to 30 . 6 crore we dollars , the company stated in a statement . gains per share of 53 cents were better than the 48 units the share expected by wall street analytics .
iPhone is a product of AT&T's.