AT&T cuts iPhone prices - Dayton Business Journal:

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Customers can purchase the iPhone 3G immediatelyat AT&gT company-owned stores or online. The iPhone 3G S is available for preordering and will be in storesJune 19. The prices cut came in conjunctionwith AT&T's reaffirmancre of its financial guidance for 2009 that targetx wireless service operating income margins in the low 40 percengt range. Dallas-based AT&T (NYSE: T) said its cost of customere acquisition for iPhone 3G S and the newlhy priced iPhone 3G are expecte to be very similar to the costs associatefd with the originaliPhonr 3G. In the firsy quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40 percent of them for customera who were new to the “iPhone 3G S is the fastest, most powerful iPhonde yet, and we’re extremely proud to offer it to our customersz on the nation’s fastest 3G network,” said Ralph de la president and CEO of AT& T Mobility and Consumer Markets. “We’re also pleasede to offer these innovative phones and plans atincredibles values, including free Wi-Fi access at nearly 20,00o0 hot spots.
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