iPhone 3GS could continue to be sold after iPhone 5 launch, analyst says

Jefferies analyst Peter Misek says that Apple has signed a contract “with a major global distributor” that sells electronic devices in developing countries at prices between 200-250 $, but only with prepaid cards.

The analyst believes that the price of the smartphone will be reduced from $375 to a $200 to $250 range.

Currently the iPhone 3GS can be made available after signing a contract for 2 years in the U.S. but in Europe the device is beginning to disappear from the offers of mobile operators.

Misek estimates builds of 28 million to 30 million in Q2 for the iPhone, which is more than analysts’ estimates of 26 million to 28 million units.