Apple is planning to drop the prices of the iPhone and iPod line within the next month or two - perhaps at a rumoured late February announcement - a Mac enthusiast site has climed.
Website 9to5Mac received word that the cuts are on their way. The reduction is said to be $100 off the price of models in both the iPod Touch and iPhone lines. The 8GB iPod Touch will apparently be dropped from the line-up just as the 4GB version of the iPhone was before it.
If true, this means that the 16GB iPhone will be $399 - the current price for the 8GB version and the 32GB iPod Touch will come in at $399 too. Speculation suggests that the price drops are in order to make way for “pricing space” for the 3G iPhone, expected this year.