Developer Conference in the world of Apple starts Monday and according to the Financial Times, Apple plans to introduce a cheaper version of its popular iPhone soon Monday, in a move that could significantly increase the share of the smart phone market.
Analysts said the company is likely to introduce a $ 149 phone or a phone from $ 99, down from the current low-end $ 199.
Citing a consumer research firm, Morgan Stanley analyst Kathryn Huberty said that cut a price of $ 50 could increase the demand for phone by 50% and a reduction of 100% to $ 100.
Apple sells nearly 11% of the world's smartphones, Nokia trailing 41% and research in motion (BlackBerry) by 20%, according to Gartner first quarter numbers.
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