Based on facts “Eighty five percent of American cell phone buyers pay less than $100 for their phones”, Apple is planning the affordable version of iPhone that costs $500 to $600. According to Reuter, “The cheaper phone could achieve sales of 30 million to 40 million units, far more than Apple’s 2008 sales target of 10 million for the original iPhone”. As reported by Chosun, the more affordable model of the Apple iPhone will be released in the Q4 of this year. And the estimated price set less than $300.
Regarding the technical specs of the cheaper iPhone, it is predicted to combine iPod Nano with mobile phone and a multi-touch screen. I think this is a good news for the rest of American as well as most of people in development country.