iPhone 3

Will a $9 iPhone 3 Undercut Sales of Apple's iPhone 5?

AT&T is now offering an $9 iPhone. Granted, that's for a refurbished iPhone 3 G3S-8G. But those have most features people want in an iPhone, and the upcoming iPhone 5 doesn't offer the one thing that could differentiate it from its predecessors: 4G compatibility. Could Apple's prices cuts on older models come back to bite it?