Deutsche Telekom (DT) is set to sell the new Apple (AAPL) iPhone for $1.54 to push demand. The sale will come with a large subscriber commitment to monthly use and an equally large bill.
The sell-off in Apple shares on Friday was their third down day in a row.
The CEO of Google (GOOG), Eric Schmidt, said that competition between the search engine company and Apple would not force him to quit Steve Jobs’ board of directors.
Reuters writes that AT&T (T) may have given up too much in its new 3G iPhone deal with Apple because it will be paying a part of the cost of the phone for subscribers.
Barron’s writes that "there are still some caveats that anyone considering buying Apple shares must ponder, including the biggest one: the effect of the rumors about CEO Steve Jobs’ health."
The San Jose Mercury News reports that "Apple’s soon-to-open online App Store has triggered a scramble among software developers to write business plans aimed at making money off Apple’s iPhone."
Douglas A. McIntyre
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