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T-Mobile Debuts The iPhone 5 For $99.00

tmobile iphone

T-Mobile USA Inc., the fourth- largest U.S. wireless carrier, began offering Apple Inc. (AAPL)(AAPL)’s iPhone for the first time today, providing the biggest showcase yet for its new installment-plan approach to selling phones.

Customers line up to purchase the Apple Inc. iPhone 5 from a T-Mobile USA Inc. retail location in New York. Photographer: Scott Eells/Bloomberg

Customers with good credit can buy the iPhone 5 for $99.99 down and 24 monthly payments of $20, the Bellevue, Washington- based company said, breaking from a tradition of subsidizing smartphones in exchange for two-year service contracts. T-Mobile also will take old iPhones as trade-ins for a new iPhone 5 with no down payment and a credit toward future bills.

The strategy “could resonate with customers,” Walt Piecyk, an analyst with BTIG LLC, said this week in a research note. At about $100, the upfront costs for an iPhone 5 through T-Mobile are lower than the $199 typically charged by rivals.

T-Mobile, a division of Deutsche Telekom AG (DTE), is counting on the Apple device to help reverse an exodus of subscribers. The company was the last of the four major U.S. carriers to get the iPhone, and T-Mobile has trailed competitors in adopting a speedier network standard called long-term evolution, or LTE.

h/t Bloomberg

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Technology

Finally, A Way To Jailbreak Your iPhone 5 – iOS 6

Nearly five months after Apple shipped iOS 6, an untethered jailbreak for the operating system is now available. Unlike its predecessor, the Evasi0n iOS 6 jailbreak tool works on Mac OS X, Windows and Linux at launch.

The release of Evasi0n has been highly anticipated for owners of the iPhone 5 and fourth generation iPad, both of which shipped running iOS 6 by default. For others, the release means they can finally upgrade their devices to iOS 6 without losing the ability to download unauthorized apps and customize the look and feel of their iPhone, iPad or iPod Touch.

Follow this link for instructions.

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Technology

Apple Shares Fall Over 6 Percent On After Hours Trading

A few days ago, we told you about the iPhone 5 and the lack of interest the product was generating. The iPhone 5 even came in worst among the top smart phones. And now this. The company’s shares fell over 6% today.

Apple Inc. shares tumbled more than 6 percent on Wednesday, chalking up their biggest single-day loss in four years as fears grow about intensifying competition in the mobile device market.

The sell-off, fueled by a forecast by an influential research firm that the iPad maker is continuing to cede ground to rival Google Inc. Android gadgets, rounded off a bleak 10 weeks for the most valuable U.S. company.

The stock was one of Wednesday’s biggest percentage losers on the S&P 500, shedding $35 billion of market value as more than 37 million shares changed hands — blowing past the company’s average daily volume over 50 days of 21 million.

Apple’s shares, once among the most desirable of portfolio holdings, have headed steadily south since September on growing uncertainty about the company’s ability to fend off unprecedented competition. This year saw a surge in sales of Amazon.com Inc.’s cheaper Kindle Fire and Microsoft Corp.’s first foray into the tablet market with its Surface.

Meanwhile, Samsung Electronics continues to chip away at the iPad’s dominance with its Galaxy line.

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