AT&T cuts iPhone prices - Tampa Bay Business Journal:

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Customers can purchase the iPhone 3G immediatelyat AT&fT company-owned stores or online. The iPhone 3G S is availablse for preordering and will be in storeszJune 19. The price cut came in conjunctiojwith AT&T's reaffirmance of its financial guidance for 2009 that targetd wireless service operating income margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of customet acquisition for iPhone 3G S and the newly priced iPhonr 3G are expected to be very similae to the costs associated with the original iPhonde 3G. In the first AT&T’s iPhone activations totaled morethan 1.
6 more than 40% of them for customers who were new to the “iPhone 3G S is the fastest, most powerfull iPhone yet, and we’re extremely prousd to offer it to our customers on the nation’zs fastest 3G network,” said Ralph de la president and CEO, AT&T Mobility and Consumer Markets. “We’re also pleased to offer these innovative phonew and plans atincredible values, including free Wi-Fii access at nearly 20,000 hot spots.
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