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Tuesday, January 6, 2009

Rogers sees drop off in iPhone sales

TORONTO, Jan 6 (Reuters) - Shares of telecom and media
group Rogers Communications Inc <RCIb.TO> fell almost 6 percent
on Tuesday after the company posted slumping iPhone sales and
flat postpaid wireless subscriber growth in the fourth quarter
and said its cable results are being hurt by a tough economy.
    Rogers, which owns Canada's biggest wireless carrier, said
it added 199,000 net wireless subscribers in the traditionally
strong quarter ended Dec. 31, up from 183,000 a year earlier.
    The company said it sold about 130,000 of Apple Inc's
<AAPL.O> iPhones in the quarter. Jonathan Allen, an analyst at
RBC Dominion Securities, said this was a "sharp drop" from
255,000 in the third quarter.

I missed that earlier… probably because MacWorld made me sooo bored I could barely keep my eyes open.

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