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$199 iPhone Costs $560

 - Jun 17, 2008
References: consumerist
P.T. Barnum, who coined the term, “a sucker is born every minute,” is saluting AT & T bean counters right now. The Consumerist is reporting that the new $199 iPhone will actually cost more than the $399 old model. Over the life of a two year contract, there is the extra ten buck monthly fee and new fees for texting.

AT & T even tricked Apple's CEO Steve Jobs, who promoted the new phone as being, “more affordable.”