iPhone Too 'Spensive For Consumers

Looks like Apple may be in for some decreased sales come the release of the iPhone. According to a recent survey done with 379 people, the price of the iPhone is too expensive for most people’s tastes. In fact, only 1% of those surveyed said they’d shell out $500 for an iPhone. 42% said they’d pay $200 to $299, while 60% said they’d switch their carrier to get their hands on it.

If the iPhone is going to succeed, Cingular is going to have to give people a nice deal with a 2-year contract. Maybe a $399 pricetag for the low-end version with contract would do the trick? I mean people pay exhorbitant prices to get a new Blackberry at launch. Only time will tell what happens to the iPhone.

Study: Consumers not willing to pay $500 for iPhone [Yahoo!]