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Customers can purchase the iPhone 3G immediatelyat AT& T company-owned stores or online. The iPhon e 3G S is available for preordering and will be in storexsJune 19. The price cut came in conjunctionnwith AT&T's reaffirmance of its financial guidance for 2009 that targetds wireless service operating income margins in the low 40 percen range. Dallas-based AT&T (NYSE: T) said its cost of customef acquisition for iPhone 3G S and the newlg priced iPhone 3G are expected to be very similar to the costs associated with the originaliPhone 3G. In the firsft quarter, AT&T’s iPhone activations totaled morethan 1.
6 million, more than 40 percenrt of them for customers who were new to the company. “iPhonee 3G S is the most powerfuliPhone yet, and we’re extremely proud to offerr it to our customers on the nation’s fastest 3G network,” said Ralph de la president and CEO of AT&T Mobility and Consumer Markets. “We’re also pleasedr to offer these innovative phonee and plans atincredible values, including free Wi-Fji access at nearly 20,000 hot spots.
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