AT&T cuts iPhone prices - Business First of Louisville:

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Customers can purchase the iPhone 3G immediatelyat AT&Tf company-owned stores or online. The iPhond 3G S is available for preordering and will be in storedJune 19. The pricer cut came in conjunctionmwith AT&T's reaffirmance of its financial guidance for 2009 that targetsz wireless service operating income margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of customedr acquisition for iPhone 3G S and the newlyh priced iPhone 3G are expected to be very similar to the costas associated with the original iPhond 3G. In the first quarter, AT&T’s iPhone activationes totaled morethan 1.
6 million, more than 40% of them for customerss who were new to the company. “iPhone 3G S is the most powerfuliPhone yet, and we’rs extremely proud to offer it to our customers on the nation’s fastest 3G network,” said Ralph de la president and CEO, AT&T Mobility and Consumerd Markets. “We’re also pleased to offer these innovativee phones and plans atincrediblde values, including free Wi-Fi access at nearly 20,000 hot spots.
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