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Report: Apple to Introduce $99 Entry-Level iPhone

Authored by Mark Hefflinger on February 11, 2009 - 10:03am.
San Francisco - Apple (NASD: AAPL) is expected to introduce a $99 iPhone this summer, in addition to an upgraded iPhone 3G model, according to a report from RBC Capital Markets analyst Mike Abramsky, CNET News.com reported.

The entry-level, $99 model would purportedly feature 8GB of memory; a less-than-2-megapixel camera that lacks video support; EDGE 2.5G network; and a "light" data plan estimated to run $15 per month.

Abramsky noted in his report that at $99, Apple would have to sell three iPhones to generate the same profits from the sale of a single iPhone 3G.

Apple was previously rumored to begin selling a $99 iPhone at Walmart around the holidays.

 

Related Links:
http://news.cnet.com/8301-13579_3-10161368-37.html

Published in DMW Daily, February 11, 2009
tags: Mobile | Apple | Retail | Cellphones | iPhone |



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