FT: Cheaper iPhones en route

The Financial Times today said that Apple would be dropping the price of its entry level iPhone.

Apple plans to introduce a cheaper version of its popular iPhone as soon as Monday, in a move that could dramatically increase the company’s share of the market for web-surfing devices, people familiar with the initiative said on Thursday.

This is is probably an expansion of the 4GB iPhone rumor we heard last week. 

Morgan Stanley analyst Kathryn Huberty said that a $100 cut could double demand for the iPhone.

 

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