Analyst: Apple might cut iPhone price this summer

02/28/2010 |

With competition growing more intense, Apple will change its strategy in June by cutting the price of its iPhones as it introduces a number of smartphones, predicts Morgan Stanley analyst Katy Huberty. In a note to clients, Huberty said she expects Apple to debut devices "that offer both a lower total cost of ownership and new functionality, potentially including gesture-based technology."

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