$99 Apple iPhone Lite Coming This Summer?

According to RBC analyst, Mark Abramsky, a cheaper version of the iPhone 3G will debut this summer and be priced at $99. Instead of the iPhone Nano, it will more than likely be a 'lite' version of the existing iPhone 3G which could omit the 3G altogether.

Among other things, the GPS that currently exists in the iPhone 3G may be omitted as well. It may also have a reduced camera resolution and of course much smaller memory storage. Despite the lack of features, the entry price of $99 would definitely attract more customers as that price point would appeal to more consumers.

The current $35 a month iPhone data plan may also hurt the new iPhone 'Lite' customers so it would be excepted that a new lower-cost plan be brought to the table at around $15 a month. The new plan would come with at trade off however, with a capped data usage per month.