Apple to launch low-priced iPhone for $350, iPhone 4S/5 at end of summer!!!

According to source, Apple will indeed be launching a prepaid / lower cost iPhone this year. We are told the handset will retail for no more than $350 without contract.  It’s entirely possible that the low-cost iPhone will in fact be the iPhone 3GS. We reported that we were able to independently confirm that the iPhone 5 featured a radical new design, however this source of ours isn’t quite sure that will be the next iPhone. Whether it’s the iPhone 4S or 5, it will be coming out or “at least announced by the end of Summer, late August.”

They theorized that we’d have seen new 3rd party cases by now if the upcoming iPhone featured a different exterior, though Apple has surely been cracking down on their case specification leaks. If this turns out to be true, it will mean there would be an iPhone 4S in addition to the prepaid iPhone 3GS available within the next month to two.

In addition to that news, we are told that Apple will continue to sell the current iPhone 4 as well, finally giving the company a full range of devices in the lower, mid, and high-end price segments. Coupled with rumored launches on Sprint and T-Mobile in the U.S. alone, Apple seems prepared to once again take charge and lead in the smartphone market.
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Apple iPhone 5 to be major update after all then announcement and availability in August...

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While Apple has indeed been giving some developers access to a device known as the iPhone 4S — an iPhone 4 with upgraded internals but it has independently confirmed that the next-generation iPhone will not merely be an upgraded iPhone 4 as had been previously rumored. We have been told by a reliable source to expect a radical new case design for the upcoming iPhone, though we have not been given any additional details surrounding the design of the new iPhone case.

 What about a release, then? The consensus is that Apple is going to announce the next-generation iPhone at the company’s annual September event, traditionally focused on iPods, but we have heard it’s quite possible Apple will break tradition.

 According to our source, Apple may hold an event in the beginning or middle of August to announce the new iPhone, with availability to follow in the last week of August. We’re not sure if that means the iPod event will be moved up slightly, or if this will be an iPhone-specific event. Thisismynext reported earlier that the upcoming iPhone 5 would feature a new teardrop-shaped case design.

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