Apple may unveil cheaper iPhone
11 Jul 2007
Apple may introduce a cheaper version of its popular iPhone priced at about $300 by the end of the year said analysts with JP Morgan.
The current iPhone, which went on sale about two weeks ago and sold out fast is priced between $500 and $600.
An analyst with JP Morgan said Apple would convert the iPod nano into an iPhone, and would price it at $300 or below. Unlike the current iPhone, it would use the iPod's scroll wheel and would have fewer features and functions than the current version.
However, another JP Morgan analyst cautioned investors that it could be "premature to assume" that Apple will introduce an iPhone nano in the immediate future and a near-term launch would "be unusual and highly risky."
One of the chief complaints about the iPhone has been the price, which also includes a two-year subscription requirement with cellular provider AT&T.
Added to this is a $79 fee plus a $6.95 shipping charge to replace the iPhone battery once it finishes off.
