3G-Less Entry-Level iPhone, Upgraded iPhone 3G Rumoured

RBC Capital Market’s Michael Abramsky has issued a note to investors about upcoming iPhone models. Remember, financial analysts are just as prone to get lumped into the rumor category as the rest of us, but here are the supposed specs on the two new devices (one entry-level, one an upgrade on the existing iPhone 3G):

Entry-Level iPhone

• $99 after $200 subsidy
• EDGE, WiFi, Bluetooth
• 3.5″ 480 x 320 touchscreen
• Less than 2 megapixel camera
• 8 GB flash memory
• 4.5″ x 2.4″ x 0.48″
• $15/month data plans
• AT&T (NYSE: T), Rogers (NYSE: RCI), O2, Orange, T-Mobile (NYSE: DT), Vodafone (NYSE: VOD)
• June/July ‘09 Availability

Upgraded iPhone 3G

• $199/$299 after $400 subsidy
• UMTS/HSDPA, WiFi, Bluetooth
• 3.5″ 720 x 480 touchscreen
• GPS
• Greater than 2 megapixel camera with video recording
• 16 GB memory, 32 GB of flash
• 4.5″ x 2.4″ x <0.48″
• Unlimited data for $30/month
• AT&T, Rogers, O2, Orange, T-Mobile, Vodafone
• June/July ‘09 Availability

If true, it would be a good move for Apple (NSDQ: AAPL) to extend both up and down from the iPhone 3G to appeal to different price ranges, although Apple COO Tim Cook has denied that the iPhone will make such a move.

“You know us, we’re not going to play in the low-end voice phone business. That’s not who we are. That’s not why we’re here,” he said. “We’ll let somebody do that, our goal is not to be the unit share leader in the phone industry. It is to build the best phone.”

Sounds reasonable, but what do you guys think? Is it likely that Apple would make a more accessible iPhone? Would you get an iPhone Lite?

[via AppleInsider]