Its true ,according to 9to5mac a major price cut for the iPhone and iTouch coming in the last week of February.

We just got a tip that Apple is planning on dropping the prices again on the iPhone and iPod line within the next month or two - perhaps at the late February event, perhaps as late as mid-April. Our tipster says that Apple will drop the prices $100 on both the iPod Touch and iPhone lines.

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The predicted new set of prices includes $399 for a 16gb iPhone or the 32gb iPhone touch.The main reason for the new price cut is to pave the way for the maximum use of 3G phones by the end of this year.So if u wanna buy a new iPhone please wait for a couple of weeks and let the price to drop,then enjoy buying it.

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