Consumers turned off by iPhone price

by admin February 26, 2007 at 12:23 pm

Just one per cent likely to pay $500 for Apple phone

New research has suggested that the iPhone may be bad news for Apple but good news for its network partner Cingular.

A survey by research firm Compete Inc found that only one per cent of US consumers would be happy to pay $500 for an iPhone, mirroring concerns from some analysts.

Apple chief executive Steve Jobs said at the iPhone launch that the “low end” version of the mobile device would be sold at $500.

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