Financial Times reports that Apple is planning on launching a “cut-price” version of the iPhone on Monday.

Apple plans to introduce a cheaper version of its popular iPhone as soon as Monday, in a move that could dramatically increase the company’s share of the market for web-surfing devices, people familiar with the initiative said on Thursday.

Analysts predict the cut would be either $50 or $100. If correct, the drop would drastically stimulate sales of the iPhone. Past rumors speculate that Apple will bring four iPhone models (4GB, 8GB, 16Gb and 32GB) if true, the 4GB model will most likely be the sub-$100 iPhone.

Financial Times has been reasonably accurate in the past, though most of their past information has been about Apple’s negotiations with record labels.

- source: ft.com