If you’ve been on the fence about switching to the iPhone 4, especially after rumors that a new version of the iPhone is just months away, Apple wants to encourage you a bit by offering a major price cut.
Apple Inc will release a cheaper iPhone 4 within weeks, jeopardizing profit margins to win lower-end customers from rivals such as Nokia in China and other emerging markets.
Asian suppliers have begun making a lower-cost version of the hot-selling smartphone with a smaller 8-gigabyte flash drive that will arrive around the same time Apple unveils its much-anticipated iPhone 5, two sources with knowledge of the matter told Reuters.
The new version, though cheaper, will not be as fast as the original iPhone 4. The question is, are you better off waiting for a late-September release of the iPhone 5 or will a very low priced version of the iPhone 4 entice you to purchase?