Financial Times confidently 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 said that the company wanted to show off either a $149 phone or a $99 phone, down from the current low end of $199 and still subsidised in exchange for an AT&T communications service contract.

They has been reasonably accurate in the past, though most their previous information had been surrounding Apple’s negotiations with record labels.

source:macrumors