"An entry level iPod Phone (voice/SMS, iPod, Wi-Fi but not data plan) could be significant both strategically and financially to Apple," Abramsky wrote. "Positioned at (estimated) $0-$99, the iPod Phone could leverage broad global retail/carrier distribution, with both prepay and low-cst plans. It addresses a global opportunity (estimated to be) three to four times as large as iPhone 3G."