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iPhone Shift Scuffs AT&T, Apple Shares

Stock quotes in this article: AAPL , T  

Updated from 3:15 p.m. EDT

The iPhone buzz is wearing off.

AT&T (T Quote) shares slipped Wednesday after Apple (AAPL Quote) made two moves that took a little more sparkle off this summer's heavily hyped smartphone debut.

First, Apple rolled out a competing device. This one is called the iPod Touch -- a touchscreen iPod that essentially strips the cell-phone chip out of the iPhone. CEO Steve Jobs unveiled the new device as the company debuted an entire new lineup of iPods. ...

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