No low-cost iPhone coming in June

"In spite of continual suggestions to the contrary, a low-cost version of the iPhone appears unlikely to be announced this June, says RBC Capital analyst Mike Abramsky. Citing "build data and other checks" as evidence, Abramsky suggests that if a cheaper iPhone is in development, there is little chance of it shipping soon. For Apple this is said to offer the advantage of protecting profit margins, but at the possible risk of letting more affordable competitors steal marketshare."

"He contends the new version of the phone, which he calls the iPhone 3G Pro, will include a number of improvements:

* Faster 3G, using the HSUPA standard, versions the current HSDPA.
* Improved graphics.
* Video recording/messaging.
* 16 GB/32 GB memory capacity.
* Possibly thinner.
* $199/$299 price points
"

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