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Teens Willing To Drop $500 For iPhone

According to the Apple Insider a recent study has shown that high school students are willing to fork out the cash for an expensive iPhone. "Nearly 85 percent said they were already familiar with the multi-function Apple gadget, and of those students, 25 percent said they'd be willing to buy one at the previously announced $500 entry point," reports the site.

If I were to do that math on that one, I'd say that these kids will be spending their entire summer mowing lawns and baby-sitting to cover the cost of the iPhone. Hey, at least they'll be cool for school in the Fall right? No new clothes but a flashy, high tech phone to play with during recess! The question is, will parents be willing to fork over the cash for their own iPhones?

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