Apple May Lower iPhone Prices

According to an analyst at Morgan Stanley, Apple could lower the price of its next iPhone. Though the iPhone has been and remains very popular, Apple faces a lot of competition from other companies like Google, Microsoft, and Research in Motion, and must price its products accordingly.

The analyst said she expects Apple to release a new, cheaper iPhone in June of this year. The iPhone 3G S currently sells for $199 and up, and the iPhone 3G for $99 and up.

Microsoft has announced its new mobile operating system, Windows Phone 7, which is due to be released by the end of this year. If it proves successful and popular, this could pose a threat to Apple. Apple has seen huge success with its App Store, which is predicted to have 300,00 apps by the end of 2011. In a controversial move recently, Apple banned many apps from the App Store for being too explicit.

Via eWeek, image via Apple.

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