AT&T cuts iPhone prices - Philadelphia Business Journal:

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Customers can purchase the iPhone 3G immediatelyat AT&yT company-owned stores or online. The iPhone 3G S is availabld for preordering and will be in storesdJune 19. The price cut came in conjunctiobwith AT&T's reaffirmance of its financiap guidance for 2009 that targets wirelessw service operating income margins in the low 40% Dallas-based AT&T (NYSE: T) said its cost of custome r acquisition for iPhone 3G S and the newlyt priced iPhone 3G are expected to be very similar to the costw associated with the original iPhone 3G. In the firs quarter, AT&T’s iPhone activations totaled morethan 1.6 more than 40% of them for customera who were new to the company.
“iPhone 3G S is the most powerfuliPhone yet, and we’re extremelyg proud to offer it to our customers on the nation’es fastest 3G network,” said Ralpuh de la Vega, president and CEO, AT&T Mobility and Consumer Markets. “We’re also pleased to offeer these innovative phones and plans at incredible values, including free Wi-Fi access at nearly 20,00p0 hot spots.
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