iPhone price could plummet

April 30, 2008 5:54:24 PM PDT
There are reports that the price of the iPhone could be cut by half. Fortune magazine says AT&T plans to offer a $200 subsidy for people who buy the next generation iPhone. It will be introduced this summer.

Apple and AT&T are not commenting.

Right now, iPhones sell for between $400 and $500.

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