Two analysts from Wall Street investment bankers JP Morgan have produced an analysis of possible scenarios for the rumored (but not announced) "low cost" iPhone model expected to debut later this year, aimed at the large worldwide "prepaid" market. Based both on research of existing entries in that market space as well as Apple traditions, Gokul Hariharan and Mark Moskowitz believe that when Apple does bring out the device, it will not be a cheap "bargain" iPhone but instead a "mid-range" entry that should cost between $350 and $400.
