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Once again, an analyst has peered into a magical crystal ball and pulled out an iPhone that will retail for $99.
RBC analyst, Mark Abramsky reported this morning that Apple will begin selling an entry-level iPhone sometime this summer. The cheapo iPhone will come with exciting cost-saving features like, no 3G access, no GPS, a lower resolution camera, and a $15/month data plan with a usage cap.
Silicon Alley Insider points out that iSuppli noted that adding 3G and GPS only cost Apple $20 per iPhone. Making us wonder how likely the possibly of a stripped $99 iPhone really is.
Mark Abramsky goes on to state that Apple is expected to release an updated iPhone 3G with larger capacity, the ability to record video, and a higher resolution screen this summer.
It would be great if Apple released a $99 iPhone that didn't gut the device of its functionality, we're just not going to be holding our breath for it.
What do you think? Is Apple going to release a $99 iPhone this summer?