Vancouver based wireless carrier, Telus Corp., has reported a drop in the third quarter profits stating that customers made fewer phone calls using their mobile phones for the period. The total net earnings fell to C$280 million ($261 million), or 88 cents a share, for the July-September period for the current year, down from C$286 million, or 89 cents, recorded last year.

In light of the development, Telus lowered its full-year earnings forecast for the current fiscal year to C$9.6 Billion-C$9.7 Billion, from an earlier prediction range of C$9.65 Billion-C$9.8 Billion. Also, following in tracks of rival Rogers Communications, which boost its wireless data revenue by 46% in the last quarter by introducing the iPhone, Telus is all set to start selling Apple's much popular smartphone from this week.

"It could still be several quarters before we see a meaningful improvement, given the slow economic recovery and rising wireless competition”, said Jonathan Allen, an analyst at RBC Capital Markets in Toronto, with regards to Telus.

Despite the fact that profits from the wireless unit declined by 1.7%, as customers travelled less frequently and cut down on long distance calls, the company did make a profit from the wireless data unit whose revenue surged 27% to C$299 Million.