iPhone Prices Slashed By As Much As 75% In Germany

So what are Apple's revenues from its overseas iPhone sales? German mobile phone service provider Deutsche Telekom has slashed prices for iPhones by as much as 75%, giving away the 8GB model for €99 instead of €399. According to a report by German daily Frankfurter Allgemeine Zeitung (FAZ) this may be a clearing of inventory as consumers wait for a model with UMTS capabilities, standard on most phones in Europe.
According to the report consumers still have to shell out a minimum of €945 to hold an iPhone in their hands. This is 40% less than before, when an iPhone, only sold with a special provider contract, went for €1,575.