Cheaper iPhone

Bernstein Research analyst Toni Sacconaghi, according to Eric Savitz at Forbes:

The analyst says Cook “appeared to reaffirm the notion that Apple is likely to develop lower priced offerings” to expand the market for the iPhone. Cook said the company is planning “clever things” to address the prepaid market, and that Apple did not want its products to be “just for the rich,” and that the company is “not ceding any market.”

The older-generation iPhone 3GS can be had for US$49. But that requires you to be chained to an expensive carrier subscription for two years. A LTE-only data iPhone could do the trick since the voice portion of the cost of owning an iPhone is the largest. Theoretically, a data-only iPhone would not require a separate voice plan. But a quick and simple solution would be to sell the previous-generation iPhone unlocked, for not too much, right now.