Apple would slash prices of its next generation iPhone

In a research note, Katy Huberty, a Morgan Stanley analyst, predicted that Apple would further cut the price of its upcoming Apple iPhone. At present, the Apple iPhone is the top selling smartphone in the world but the smartphone market is getting crowded as more companies are rolling out their own smartphones. To remain competitive, Apple might be lowering the price of its upcoming fourth generation iPhone. eWeek.com reports:

In a note to investors, reported widely on sites such as Apple Insider, analyst Katy Huberty said she expected Apple to launch a new generation of smartphones in June “that offer both a lower total cost of ownership and new functionality, potentially including gesture-based technology.”

Apple’s iPhone 3G S currently retails on the company’s Website for $199 and up, while the price for the iPhone 3G starts at $99.

Apple’s much talked about tablet PC is slated to release in March. Many people are very much upset over the tablet PC’s inability to multitask, lacking USB port, web-cam and expensive data plan. However, industry experts are hopeful that Apple iPad would do great business. Already, many application developers have started to develop applications for the iPad.

On February 25, 2010, the U.S Patent and Trademark Office published a patent of Apple which revealed that in the fourth generation iPhone, user would be able to control incoming calls and voice messages and web-page navigation by swiping their fingers on the lens of the camera and tapping on the back of the phone.