ADVFN - Advanced Financial Network.
HOME» NYSE » C » C Stock Price » C Stock News

Citigroup Share News

 Citigroup Stock Price
C Stock Price
 Citigroup Stock Chart
C Stock Chart
 Citigroup Stock News
C Stock News
 Citigroup Company Information
C Company Information
 Citigroup Stock Trades
C Stock Trades

Apple Stores Offer to Match iPhone Discounts

SAN FRANCISCO -- Apple Inc. (AAPL) retail outlets have been authorized to offer discounts on iPhones to match those offered by wireless carriers and retailers, according to two people familiar with the matter. The company has begun telling retail employees that they may offer discounts of $49 on the iPhone 4S and the iPhone 4 to customers who cite lower prices from other outlets. According to Apple's communications with employees, the outlets include stores operated by Target Corp. (TGT), Best Buy Co. (BBY) and Sprint Nextel Corp. (S). The company didn't tell employees why it is offering these discounts, these people said, and has not advertised the reduced price. Apple's move, which was first reported by the MacRumors blog, is an unusual one for the gadget maker. The Cupertino, Calif., company does not usually offer price matching for its devices and, aside from education and corporate discounts, it rarely offers steep price cuts unless a product has been replaced with a new version. An exception was the company's annual back-to-school sale, during which Apple would offer as much as a $199 rebate if students purchased an iPod music player along with a qualifying computer around the summer months. Apple stopped offering that discount last year, choosing to offer an education-themed $100 gift card to its digital iTunes music and app stores alongside its computers instead. The discounts come as Apple is widely believed to be readying a new version of its iPhone, which is expected to sport a thinner yet longer screen, measuring at least 4 inches diagonally, among other things. Apple last month announced sales and profits that missed analyst expectations, largely on disappointing sales of the iPhone, its largest source of revenue. At the time, industry-watchers said consumers were likely holding out for a new iPhone model anticipated this fall, much like they had last year. The iPhone 4S, Apple's latest model, was released last October. "Our weekly iPhone sales continue to be impacted by rumors and speculation regarding new products," Peter Oppenheimer, the company's chief financial officer, said on a conference call with analysts to discuss its earnings in July. The miss was only the second time in 39 quarters that the company reported results below expectations. Write to Ian Sherr at ian.sherr@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Citigroup (C)
DateTimeHeadline
09/02/201404:40:07European Investors Eye Ukraine, ECB
09/01/201407:06:48Dubai's Emirates NBD Plans Benchmark Bond Sale - Source
08/25/201416:31:38Communications Equipment Maker Comtech Mulls Sale -Reuters
08/22/201412:00:09Avolon Pursues IPO as Sale Talks Continue
08/15/201419:26:47Sycamore Preps Shoe Retailer Stuart Weitzman for Sale -Reuters
08/15/201405:27:09Brevan Howard rehires rates-trader Chris Cecere
08/14/201412:49:49European Stocks Gain Despite Weak Growth Figures--2nd Update
08/13/201419:53:15Carlyle Planning IPO for Auto-Paint Firm Axalta -Bloomberg
08/13/201413:20:14Puerto Rico Power Authority Faces Credit Deadline
08/13/201413:06:07Puerto Rico Power Authority Faces Thursday Deadline to Extend...
08/13/201410:40:15Pound Falls on BOE Interest Rate Caution
08/12/201420:39:13Banks Retreat From Market That Keeps Cash Flowing
08/12/201410:10:15China to Raise Nonresidential Natural-Gas Prices
08/10/201422:30:30Citigroup, Mercuria Spar Over China Metals Payment
08/10/201419:55:11Citigroup, Mercuria Battle Over China Metals-Backed Financing...
08/07/201423:30:41BMW China Cuts Prices on Spare Parts
08/06/201402:00:33Audi, Chrysler to Be Punished Over Monopoly Practices in China
08/05/201416:10:12Trustees Seek More Time on Citigroup Settlement
08/05/201415:52:28Trustees Get Extension in Citigroup's Mortgage-Securities Settlement
08/01/201414:30:44Citigroup Could Lose up to $80 Million From Argentina Default

Citigroup and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad