That zany analyst Shaw Wu (woo woo) from American Tech Research speculates that Apple is developing a low-cost mass market iPhone for the RAZR crowd, or so he says. Mr. Wu (can I call you Mr. Wu?) is basing his reasoning on Apple's iPod strategy which began with the introduction of pricey high end models, eventually branching off into an assortment of models in different price tiers.
In other news, researchers have discovered the sky is blue. Video at 11:00.