AT&T Reaffirms Wireless Margin, $99 iPhone Availability

Includes: AAPL, T
by: Eric Savitz

Hot on the heels of Apple’s (NASDAQ:AAPL) announcement of a new iPhone, its wireless partner, AT&T (NYSE:T), re-affirmed its outlook for Ebitda margin as a percentage of sales this year “in the low 40% range.” The company also said that the repriced $99 iPhone 3G will be available at AT&T stores starting 5pm Eastern time tonight, and that pre-orders are being taken for the iPhone 3GS starting today.

AT&T noted that its cost of acquisition for the iPhone 3G S, and for the repriced 3G, will be “very similar to costs associated with the original iPhone 3G.

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