iPhone Nano to Be Released In Q4

If this comes as a surprise to you, stand up, walk out of the room, stare at a blank wall and re-evaluate your thinking process. According to Reuters, Q4 will see the launch of a new iPhone that will be based on the slim iPod Nano, which may retail around the $300 price-point. Despite the insane fanboism that follows the iPhone, I think I am more interested in waiting for a Rev. 2 of the original than the Nano, but the size and price may be what sells this up and comer.

Sales of the iPhone are expected to be limited to a small percentage of the market due to its high price tag, particularly in the United States where 85 percent of consumers tend to spend $100 or less on cell phones. But analysts predict that a cheaper phone from Apple, which leads the digital music player market, could pose a much bigger threat to long-established phone makers such as Nokia, Motorola, Samsung Electronics and Sony Ericsson, owned by Sony and Ericsson.

Source: MSNBC