USA Today is reporting that the next iPhone, expected to be announced later today, will be available for $199 via a subsidy.
Citing sources with knowledge of the matter, the report does not provide any further details of the subsidy arrangement, beyond noting that the sources declined to be cited by name or affiliation because neither AT&T nor Apple has authorized anyone to speak publicly about pricing until after this afternoon’s announcement.
According to the report, the next-generation iPhone will be in stores “beginning this summer.”
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