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Summary According to reports Apple Inc has been working a smaller cheaper iPhone. Apple did not respond for a comment when asked, so did the wireless companies AT&T and Verizon.
Apple Inc is believed to be working on a smaller and less expensive version of the iPhone. Sources say that the prototype device is about one-third smaller than the iPhone 4. There are rumors that Apple plans to price this iPhone for around $200 without a two-year carrier contract, which is the same price as the cheapest iPhone 4 with a 2 year contract.Apple aims to unveil the device around the middle of this year. The launch may be delayed or even canceled altogether as the company often develops products it never brings to market.
