A cheaper version of iPhone 4 will be expected soon, within weeks. They slashed the memory size to only 8GB according to Reuters reports citing 2 unnamed industry sources.
If it's only reduced of the storage memory, doubt so the price would have a drastic price cut. Unless the materials used lesser premium like current iPhone 4 example, plastic back cover & AMOLED display.
Reuters also claims that the next generation of iPhone will be announced at the end of September.
Source: Mashable & Reuters
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