Apple to introduce cut-price iPhone today (June 8)?
Rumours suggest company is about to announce iPhone's third version
Apple is rumoured to be announcing a cut-price version of the iPhone today (June 8).
An announcement about the product is expected at the Worldwide Developers' Conference (WWDC) which takes place in San Francisco this week (June 8-12).
Analysts predict that the company will showcase a cheaper iPhone in a bit to increase the company's 11 per cent share of the world smart phone market.
The current iPhone price in the US is $199 (£124), and experts are predicting that the new product will cost either $149 (£93) or $99 (£62), reports the Financial Times.
"It's either a $50 (£31) or a $100 (£62) cut," Morgan Stanley analyst Kathryn Huberty said.
Apple has so far declined to comment. The keynote speech at the WWDC, delivered by Apple senior vice-president and marketing chief Phil Schiller, is set to take place at 10am (PDT) (6pm BST).
An announcement about the product is expected at the Worldwide Developers' Conference (WWDC) which takes place in San Francisco this week (June 8-12).
Analysts predict that the company will showcase a cheaper iPhone in a bit to increase the company's 11 per cent share of the world smart phone market.
The current iPhone price in the US is $199 (£124), and experts are predicting that the new product will cost either $149 (£93) or $99 (£62), reports the Financial Times.
"It's either a $50 (£31) or a $100 (£62) cut," Morgan Stanley analyst Kathryn Huberty said.
Apple has so far declined to comment. The keynote speech at the WWDC, delivered by Apple senior vice-president and marketing chief Phil Schiller, is set to take place at 10am (PDT) (6pm BST).
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ap1976pr
Jun 9, 2009
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