Product transition for the iPhone

I’ve only done a quick search, so I don’t know if anyone else has made this connection already. It doesn’t look like it, though if anyone’s got another link feel free to share it with me.

But can we now assume that the $200 price drop for the iPhone is the “product transition” that Apple CFO Peter Oppenheimer couldn’t “get into”, during Apple’s quarterly phone conference last July? It seems obvious, at least to me.