iPhone and iPod Touch price cuts?

Apple to announce iPhone and iPod Touch price cuts?

 

Apple is planning to drop the prices of the iPhone and iPod line within the next month or two – perhaps at a rumoured late February announcement – a Mac enthusiast site has climed.

Website 9to5Mac received word that the cuts are on their way. The reduction is said to be $100 off the price of models in both the iPod Touch and iPhone lines. The 8GB iPod Touch will apparently be dropped from the line-up just as the 4GB version of the iPhone was before it.

If true, this means that the 16GB iPhone will be $399 – the current price for the 8GB version and the 32GB iPod Touch will come in at $399 too. Speculation suggests that the price drops are in order to make way for “pricing space” for the 3G iPhone, expected this year.