Reuters: Technology News: AT&T cuts "Facebook phone" price to 99 cents, weeks after launch

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AT&T cuts "Facebook phone" price to 99 cents, weeks after launch May 9th 2013, 13:43 Tweet Share this Email Print Related News Facebook's mobile business expands in first quarter Thu, May 2 2013 HTC marketing blitz to squeeze 2013 margins Thu, May 2 2013 T-Mobile shares rise in NYSE debut Wed, May 1 2013 Analysis & Opinion Samsung Galaxy S4 lands on Bangalore, hundreds get in line An At&T logo is seen atop a store in Beverly Hills, California August 31, 2011. Credit: Reuters/Danny Moloshok NEW YORK | Thu May 9, 2013 9:43am EDT NEW YORK (Reuters) - AT&T Inc has cut the price of the HTC First phone, which is preloaded with Facebook Inc applications, to 99 cents from $99.99 less than a month after the phone's launch. AT&T, the No. 2 U.S. mobile service provider, said the price cut took effect on Wednesday. The company is the exclusive U.S. wireless carrier for the phone, made by Taiwan's HTC Corp and launched on April 12. An AT&T spokeswoman said price-cutting promotions are not unusual. But operators typically wait longer than a few weeks after a launch before discounting phones. Richard Windsor, an independent analyst, said in his Radio Free Mobile blog that the price cut was a worrying sign for social network Facebook and its future in mobile. "The final verdict on Facebook Home was brutally handed down yesterday with AT&T slashing the price of the HTC First from $99 to $0.99," Windsor said. (Reporting By Sinead Carew; editing by John Wallace) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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