An analyst at JP Morgan believes Apple has a cheaper iPhone in the works for the fourth quarter of 2007, one that would be based on the iPod Nano music player. From Reuters:
Apple filed a patent application document dated July 5 that refers to a multifunctional handheld device with a circular touch pad control, similar to the Nano’s scroll wheel.
JP Morgan analyst Kevin Chang says Apple could price the Nano-based iPhone at around $300, but that it would have fewer capabilities than the current iPhone. Meantime, another analyst believes next-gen iPods are in the works for later this year that will resemble the iPhone’s cooler aspects, but without the phone. (Thanks, Nick!)
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