AT&T noted record smartphone sales when it posted a monster holiday quarter to close out 2011, and the carrier came back in the first quarter this year with another record-setting report that beat Wall Street’s profit expectations. Verizon Wireless reported record revenue growth in the fourth quarter last year, and profits were up 16% in the first quarter of 2012 compared to the same quarter in 2011. But despite soaring performance, executives at both carriers confirmed to investors this week that they are preparing to make new moves in an effort to squeeze more revenue out of subscribers.

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AT&T, Verizon look to further squeeze subscribers as earnings soar








