o2 Sells Out, AT&T Cashes In

The United States and England are countries separated by one ocean and two languages, or so they say. Yet Apple Insider reports good tidings for both sides of the pond this week.

First up, the recent price cuts on the 8GB iPhone in the UK seems to have had the desired effect, with both Carphone Warehouse and O2 retail stores experiencing increased demand -- and even selling out of Apple's revolutionary mobile phone.

AT&T, meanwhile, boasted of a 22% increase in profits and the addition of 1.3 million new subscribers.

Boom indeed...