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AT&T CEO hints iPhone exclusivity deal to be extended

Brisk iPhone 3g sales are leading to extension of distribution deal with Apple

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Mobile | by Michael Sciannamea | Fri Aug 1, 2008 7:08PM | 0 comments

AT&T CEO Randall Stephenson is hinting that his company's exclusive distribution deal with Apple to sell the iPhone 3g at a subsidized price of $199 may extend until 2010. Stephenson says that brisk sales of the 3g--double over the original's sales levels--are helping to reposition AT&T from an old-fashioned telephone company into a major wireless player. In addition to purchasing the iPhone, customers must sign a two-year wireless contract at an average of $100 a month, thereby providing AT&T a sizable and consistent revenue stream. The company is said to be planning to offer an unsubsidized iPhone in the future at costs ranging from $599 to $699 with no required service contract.

[Via Engadget]

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