Deutsche Telekom (DT) is set to sell the new Apple (AAPL) iPhone for $1.54 to push demand. The sale will come with a large subscriber commitment to monthly use and an equally large bill.

The sell-off in Apple shares on Friday was their third down day in a row.

The CEO of Google (GOOG), Eric Schmidt, said that competition between the search engine company and Apple would not force him to quit Steve Jobs’ board of directors.

R
euters writes that AT&T (T) may have given up too much in its new 3G iPhone deal with Apple because it will be paying a part of the cost of the phone for subscribers.

Barron’s writes that "there are still some caveats that anyone considering buying Apple shares must ponder, including the biggest one: the effect of the rumors about CEO Steve Jobs’ health."

The San Jose Mercury News reports that "Apple’s soon-to-open online App Store has triggered a scramble among software developers to write business plans aimed at making money off Apple’s iPhone."

Douglas A. McIntyre