AT&T's 3G iPhone Is $199 This Summer - Not True?

Gizmodo has earlier reported that AT&T's going to subsidize the 3G iPhone down as much as $200, making the final retail price a scant $199 with two-year-contract. The rumor is that the $200 bonus will only be available in AT&T stores, not in Apple stores, so people buying and exporting or using it with T-Mobile will be paying the higher price. If you're buying straight from Apple, it seems like their prices will still be $399 and $499 for the 8 and 16GB models.

But now in an update, Gizmodo has clarified that the rumor was made by Scott Moritz, whose track record in predictions is not exactly reliable. He comes from thestreet.com, who, via Jim Cramer, made the prediction that the iPhone would get 1.5 years of free service. The rumor sounds less credible now.

Full article here.