Price of iPhone drops in Germany

Deutsche Telekom cut the price of Apple Inc.’s iPhone in Germany to the equivalent of about $156 from $628 in a push to sell more of the devices.

The three-month campaign, aimed at the company’s T-mobile subscribers, ends June 30 and must combine an eight gigabyte iPhone with a premium contract.

The newer 16 GB version of Cupertino-based Apple’s (NASDAQ:APPL) phone still costs about $784 free credit report.com.

Apple has said it plans to sell 10 million units by the end of the year worldwide. The phone was launched in June 2007.

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