Apple gives cost of iPhone service – $1400 to $2400
Apple Inc. said on Tuesday its hotly anticipated iPhone could cost as much as $3,000 with a required two-year service contract, but a handful of eager fans still lined up early to spend their money.
Buyers of the iPhone must commit to a two-year contract with AT&T. The device combines a wireless phone, music, video and Web browsing, and will be sold exclusively through AT&T for at least two years. While that is consistent with other AT&T wireless plans, it adds $1,400 to $2,400 to the cost of what many say is already a steeply priced $500-to-$600 gadget. “Given the additional features embedded in the iPhone, we believe the pricing is attractive,” UBS analyst John Hodulik said in a note to clients. He said the service costs were competitive when compared to similar plans from rivals like Verizon Wireless, a venture of Verizon Communications and Vodafone Group Plc.
Comments are closed.