Financial Times FT.com

iPhone costs hit Apple shares

By Kevin Allison in San Francisco

Published: June 27 2007 03:00 | Last updated: June 27 2007 03:00

Shares of Apple fell more than 2 per cent yesterday after Apple and AT&T revealed three new pricing plans for iPhone.

The companies said iPhone customers would have to pay between $59.99 and $99.99 a month in service charges in addition to the $499 it costs to buy the long-awaited handset, which is set to hit US stores on Friday.

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