Facebook's HTC First seems to be a flop as the price of the phone has been slashed to just 99 cents from the original $99.99 with a two years AT&T contract
Things don't seem to look too bright for Facebook's first phone HTC First. Having been launched barely a month ago, the smartphone's price has already slashed by nearly $100. The phone was initially priced at $99.99 with a two-year AT&T contract, but now is available for merely 99 cents with the same two-year contract. The retail price of the smartphone has also been slashed from $450 to $350. The slash in price was announced Wednesday.
What makes things look worse is that AT&T has put up a picture of the smartphone with its retail price of $350.99 and have slashed $350 making it seem like the company is offering a 99.72 percent discount.
An AT&T representative told Mashable that there is nothing unusual about this slash in price, available to both online as well as store purchasers as they have done many such promotions earlier.
"We do promotions like this all the time. As for how the HTC First has been selling thus far. We don't comment on results of individual manufacturer handset sales." AT&T also couldn't say how long the promotion would last."
HTC echoed AT&T, but offered no new information, telling Mashable, "Promotional pricing is common in the mobile industry. AT&T does promotions like this all the time. HTC doesn't comment on sales outside of our official financial announcements."
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