1.
U.S. markets recover from steep losses
CUPERTINO, Calif., June 7 (UPI) -- Apple has changed course and will accept a subsidy from U.S. and European telecom providers to bring down the price of its new iPhone, sources said.
The Financial Times, quoting unnamed sources, reported Saturday Apple, based in Cupertino, Calif., has bowed to the realities of the economic downturn and will accept subsidies from AT&T, O2, France Telecom and Deutsche Telekom to produce a more attractive retail price for the popular device, the new version of which is set to be unveiled Monday.
The Financial Times said the subsidy arrangement should make it easier for Apple to hit its goal of selling 10 million iPhones in 2008, which was looking more difficult as the U.S. economy faces recession. The first iPhone, which wasn't subsidized, sells for $399.
The telecom operators are willing to issue the subsidies for iPhones because the devices give them a platform for advertising and other revenue streams, the newspaper reported.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
