Wednesday, May 28, 2008

2.5m AT&T iPhone users; Piper on WWDC Macs; 3G stock panic

Published: 06:05 PM EST

AT the New York Times has developed a new version of its Times Reader for the Mac; and a plunge in Apple stock value on Thursday was triggered by fears of an iPhone delay.

AT&T touts 2.5 million iPhone subscribers

AT&T can now lay claim to more than 2.5 million active iPhone subscribers, the carrier's chief financial officer Rick Lindner revealed Thursday.

Historically shy on details, the company also notes that the typical iPhone user on its network spends about $100 per month for service. This compares closely to fees spent for the BlackBerry Curve, he says, but nets AT the final version is expected to require a paid Times subscription.

Brief Apple stock dive triggered by 3G delay rumor

If Apple's shareholders were wondering why their stock value plunged on Thursday, they may be surprised at the nature of the drop, according to a claim by Barron's.

Trader sources allege that the frantic sell-off was due to "rumors of a rumor" of a delay in the release of a 3G iPhone; shareholders were reacting to delays for a device that isn't confirmed yet, the report indicates.

Apple stocks promptly bounced back on Friday.

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