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AT&T (T) gets the message over iPhone bills

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For all of you who are in love with your Apple Inc.'s (NASDAQ: AAPL) iPhone but a bit disturbed by AT&T Inc.'s (NYSE: T) hefty monthly bills, it has heard your outcry, and is making changes to its billing system. Let's be clear, the problem was not the monetary size of the bills ... it was the actual physical size that had some users wondering what exactly was going on.

The first time I heard about this was a few weeks back when I saw a video on YouTube of one iPhone user, Justine Ezarik, going through her first monthly bill.

The bill showed up at her house in a cardboard box, and was an amazing THREE HUNDRED PAGES long. What could the company really have listed on those three hundred pages? It definitely boggles the mind.

Well, it seems like I wasn't the only one who was amazed by the hefty size of the Ms. Ezarik's monthly bill. Apparently, the video has been viewed over three million times over the past couple of weeks, and sparked a lot of outcry among iPhone users for Apple AT&T to change its system.

Yesterday, Apple AT&T reacted, and sent out text messages to all its iPhone customers letting them know that going forward, all bills will be sent out in a summarized version to keep the shock factor down when customers get their bills in the mail.

For those of you who actually enjoy getting your bill in a box, the company will still offer the comprehensive bills for a mere $1.99 a month extra charge!

[Editor's update: We have made the appropriate fixes, thank you all for pointing it out.]

Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer.

DISCLOSURE: Mr. Fowlkes owns and/or controls diversified portfolios of long and short stock and option positions that include holdings in AAPL.

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Last updated: July 06, 2009: 06:45 PM

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