Cingular: The iPhone Price Is Right
Some commentators have questioned the high price of the iPhone. At $499 for a 4-Gbyte device and $599 for an 8-Gbyte model, it easily tops most of the smartphone offerings that will be its main competition.
Cingular, however, believes that the device is "absolutely priced right" for the audience it is targeting. "I am not at all concerned," says Glenn Lurie, Cingular's president of national distribution.
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— Dan Jones, Site Editor, Unstrung