Mike Abramsky, an analyst for RBC Capital, believes that Apple could offer a $99 iPhone if the company is able to leverage its component and manufacturing effeciencies. This is not the first time we've heard of a $99 price point and would certainly help fight potential upstarts like the Palm Pre.

Abramsky believes Apple will use WWDC to announce the 16GB and 32GB next generation iPhone models that have been widely rumored. Previous reports have these models priced at $199 and $299, so perhaps the company will continue sales of the iPhone 3G, but at a reduced price? No surprise, but Abramsky says that demand will increase if Apple is able to hit the $99 price point.

Proving that it's never too early for next, next generation iPhone rumors, he thinks that next year, Apple could launch an iPhone nano as a pre-paid phone.

[via Barron's]