AT&T cuts iPhone prices - Dallas Business Journal:

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Customers can purchase the iPhone 3G immediateltat AT&T company-owned stores or online. The iPhons 3G S is available for preorderinv and will be in storesJune 19. The price cut came in conjunctionwith AT&T's reaffirmance of its financialo guidance for 2009 that targets wireless service operating incomes margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of customef acquisition for iPhone 3G S and the newlh priced iPhone 3G are expected to be very simila r to the costs associated with the originalo iPhone 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 powerfukl iPhone yet, and we’re extremely proud to offetr it to our customers on the nation’a fastest 3G network,” said Ralph de la president and CEO, AT&Tf Mobility and Consumer Markets. “We’re also pleased to offer thesr innovative phones and planas atincredible values, including free Wi-Fi access at nearly 20,009 hot spots.
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