BT blames cost of iPhone X for earnings dip at EE mobile unit

BT blamed the upfront costs of the £1,000 iPhone X for a squeeze on profitability that rattled investors as the company heads into a crucial series of decisions on regulation, pensions and the Premier League EE, which has been a bright spot for BT as other divisions have struggled, increased revenues 4pc in the third quarter, but saw its underlying earnings dip 6pc on last year. Gavin Patterson, BT’s chief executive, said the upfront costs of the new handset would lead to higher earn