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Thursday, May 28, 2009

Analysts Agree Apple May Cut Price Of iPhone

Speculation is that Apple is getting ready to cut the price of the iPhone and create a two tiered offering of Basic and Pro models. The feeling amongst analysts is that Apple will offer an 8GB model for $99 which would prop up sales in a slumping economy. "We expect a price cut to the current generation iPhone to drive 50 per cent to 100 per cent incremental unit demand," said Morgan Stanley analyst Karen Huberty. RBC analyst Mike Abramsky expects three prices -- $99, $199, and $299 for the 32GB iPhone Pro.

Source: Globe and Mail

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