iPhone News Updated

Apple working on smaller, cheaper iPhone

Apple working on smaller, cheaper iPhone

U.S. technology giant Apple is developing a poor man’s iPhone, dubbed the iPhone Nano, clandestine sources have told the media.

Sources said Apple is working in secret on the phone, which may be released mid-summer alongside the iPhone 5, The Daily Telegraph reported.

The cheaper phone would use iPhone 4 components and is expected to be two-thirds the size of a regular iPhone.

The price is expected to be around $200 without a carrier discount.

It could be sold, then, without a two-year contract for services. Apple is said to be working on a “universal SIM” system, which would make the phone compatible with a variety of carriers.

[Thanks: http://www.upi.com]

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