Apple is expected to debut a $99 iPhone, as well as an iPhone 3G with updated performance, sometime in June or July, according to Abramsky's research note on Tuesday.
Source:Apple gearing up for $99 iPhone? | Apple - CNET News
If true, we could be having something special for those who are not able to afford the iphone 3g, as it is expected to have an unsubsidized price of $299.