According to Cote Collaborative, AT&T will reduce the price of the entry level iPhone monthly plan from $69 to $59 when a new model is introduced in June.

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The move would be designed to head off competition like the Palm Pre, but whether this information is based on any insider information or just market analysis is unclear. Either way, we shall have to wait and see if it comes to fruition. [The Street via MobileCrunch]