ceo, at&t inc.
AT&T COO Sees IPhone Launching On Schedule At End Of June
AT&T Inc. (T) is on schedule to launch Apple Inc.'s (AAPL) much-hyped iPhone at the end of June, according to AT&T Chief Operating Officer Randall Stephenson.
The affirmation comes amid speculation Apple would have to delay the launch for further testing of the mobile device. Last week, the company siad it would delay the release of Leopard, the next upgrade of its operating system, to devote more resources to the iPhone.
It's a testament to the importance of the iPhone to both Apple and AT&T, as the device is poised to potentially shake up the handset industry. While it didn't make an appearance at last month's CTIA Wireless trade show, it still was widely discussed.
AT&T's wireless arm is the only carrier that will sell the device in conjunction with its service. Stephenson reiterated coments made at the trade show when he said more than 1 million customers have signed up on the Web site expressing interest for the phone.
Stephenson made the comments at a Boston College Chief Executives' Club luncheon. Those comments were confirmed by spokesman Michael Coe.
While the launch time frame of June is widely known, it's still unclear what the pricing plan will be. Apple and AT&T said the price will be $499 to $599, depending on the memory of the device, but they have yet to comment on any potential rebates. Discounts are common for customers who sign a long-term contract with a carrier.
AT&T was up 4 cents in recnt premarket activity, to $39.01, while Apple was down 26 cents to $90.14.
Dow Jones Newswires
Article by Roger Cheng
Thursday, April 19, 2007