February 11, 2009

Apple to Unveil $99 iPhone

Interested in an iPhone, but not in the iPhone's $200-300 price tag?

According to Silicon Alley Insider, Apple will start selling a cheaper, "entry-level" iPhone sometime this summer for around $99. The main cost reductions would come from fewer features -- a lower-resolution camera, no GPS, etc. But the less expensive model would keep the iPhone look and feel, and such features as the multi-touch screen.

Some analysts think that Apple could sell 20-30 million of these cheaper iPhones in 2010, boosting the company's smartphone market share to almost 20%.

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