AT&T cuts iPhone prices, unveils next generation phone - Austin Business Journal:

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Customers can purchase the reduced-priced iPhone 3G immediately at AT&T company-owned stores or online. The iPhon e 3G S is available for preordering and will be in storedJune 19. The price cut came in conjunctionwith AT&T'ds reaffirmance of its financiapl guidance for 2009 that targets wireleses service operating income margins in the low 40% range. Dallas-base d AT&T (NYSE: T) said its cost of customed acquisition for iPhone 3G S and the newly priced iPhone 3G are expected to be very similaf to the costs associated with the originaliPhone 3G. In the first quarter, AT&T’ss iPhone activations totaled morethan 1.
6 more than 40 percent of them for customere who were new to the company. “iPhonr 3G S is the fastest, most powerful iPhonwe yet, and we’re extremely proud to offer it to our customers onthe nation’s fastesr 3G network,” said Ralph de la president and CEO, AT&T Mobility and Consumer Markets. “We’res also pleased to offer thess innovative phones and plans atincrediblee values, including free Wi-Fi access at nearlhy 20,000 hot spots.
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