There's one obvious lesson learned from the earnings news of America's biggest wireless carriers: people can't do without their cell phones, even when times are bad.
This week AT&T and Verizon Communications each reported strong growth in their cell phone businesses. Verizon saw a profit gain of 15 percent, largely boosted by its growing wireless service. Despite a 26.3 percent drop in profits, which was mostly attributed to increased expenses, AT&T managed to grow revenue across the board with wireless providing the biggest benefit.
Executives running the two largest phone companies say … Read more