Apple Expects $499 Phones To Sell Fast

Apple has dismissed critics who claim that $499 is too much for a mobile phone, reports The Seattle Times. The argument appears to be that people don’t pay a lot of money for mobile handsets because those handsets are worthless, and doesn’t want to compare the iPhone to others in a similar price range: “That kind of analysis doesn’t make really great products…The iPod would not have been brought to market if we would have looked at it that way