Apple "To Launch Cheaper iCloud iPhone As Well As iPhone 5"

There are multiple rumours flying around about the next-generation iPhone, with an announcement from Apple expected in September.

And now there's a new one, but this time a well-sourced one. Apple'n'Apps is reporting that a cut-down version of the iPhone 4, with low storage, will be released along with a fully-fledged iPhone 5.

The cut-down version is dubbed the iCloud iPhone and will rely heavily on cloud storage of music and video.
Over the past few weeks we have chatted with a few people who are familiar with Apple’s iPhone plans. One source is the same from our June 28th report that gave us the the internal launch date of July 19th for Lion and the new MacBook Airs. We have three independent sources contributing to this report who are all connected to Apple in different capacities. The main takeaway is that Apple intends to launch two iPhone models in the fall with a full upgraded iPhone 5 as expected, as well as a cheaper iPhone which will be the iCloud iPhone.
 (Source)


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