iPhone will be "too expensive"

Market research firm Compete talked to 379 people in the US and discovered that while most of them had heard of the super soar-away iPhone they would not buy it until the price drops.

Only one percent said they'd pay US$500 for it and they also said that they would buy what ever their Messiah Steve Jobs told them and would pay what ever he asked.

More than 42 percent of those who said they're likely to buy the phone said they'd only do so if the price was between $200 to $299. In fact they would be so keen on it at that price that they would be happy to change their mobile phone operator to get it.

More here. µ