In order to reach larger marketplace worldwide, wsj.com reported that iPhone is developing smaller iPhone. The new iPhones are more affordable price for general users. This new line of iPhones could be dubbed as “iPhone Nano” which is almost similar to music player iPod Nano.
The current iPhone has price list at about $625 per unit, as per wsj.com. With a two-year data plan contract, America’s phone carriers (i.e., AT&T and Verizon) sold it for $199.
As Apple needs to maintain market share and grab more users from Google Android, Windows Phone 7, and RIM BlackBerry, the new iPhone Nano could be free for regular users as phone carriers will be easily subsidize all the hardware cost as long as phone subscribers are required to sign up for a two-year contract.