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Wednesday, January 9, 2013

T-Mobile USA to soon sell iPhones, cut subsidies-CEO, (NASDAQ: AAPL)

Deutsche Telekom AG unit T-Mobile USA will start selling the Apple Inc iPhone in about three to four months and will enforce its plan to get rid of cellphone subsidies in a similar timeframe, according to Chief Executive John Legere.Legere declined to disclose details about the company's agreement with Apple, except to say that T-Mobile USA's timing for selling the smartphone would be sooner rather than later, along with its subsidy elimination plan."They're all, I would call them, in three to four months as opposed to six to nine months, Legere told Reuters in an interview at the Consumer Electronics Show in Las Vegas.T-Mobile USA said late last year it would eliminate handset subsidies in 2013 to give customers more flexibility and lower service prices. It said at the same time that it will also sell the iPhone, making it the last U.S. mobile provider to do so.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 0.27% or $1.41/share to $525.31. In the past year, the shares have traded as low as $418.66 and as high as $705.07. On average, 21344800 shares of AAPL exchange hands on a given day and today's volume is recorded at 16382393.