Internet is abuzz with rumors about a brand new version of iPhone from Apple, expected to be released soon. Possibly named as iPhone Nano, it is expected to be much smaller, way cheaper and more futuristic than any other smartphone in the market.

According to WSJ, the lower priced iPhone Nano will be sold alongside the pricey iPhone 4 and would be about half the size of the iPhone 4. Codenamed as N97, it is expected to be released on all carriers at about half the price of iPhone 4. Apple currently sells iPhones to carriers for $625 each on average. With carrier subsidies, consumers can buy iPhones for as little as $199 with a two-year contract.


Also making the rounds, is the revamped MobileMe service which would allow users to store most of their data and media in the cloud. This is expected to be released in June 2011. What’s interesting to note here is that the smaller iPhone (Nano) will be devoid of all the storage memory! This will ensure that Apple can aggressively price the iPhone nano and compete with the lower priced Android phones in the mass market.

According to cultofmac, the storage memory is by far the costliest component of the iPhone and hence the iPhone Nano will do away with the storage memory but will have only enough memory to buffer media streamed from the cloud.

The iPhone nano will pull ALL its content from MobileMe. The service is based on technology from, a streaming service that Apple bought last spring and then shut down. A cloud based iOS on iPhone nano is really futuristic and something which has been borrowed from the Google’s Chrome OS.

As with the Chrome OS, the cloud based iOS is bound to raise some technical doubts. The device cannot surely come without any memory — what about the operating system and critical system data? What about the photos and videos taken from the camera? Are users expected to be ‘always connected’ to the cloud? How feasible that would be?

Well, the news can only be considered a rumor at best for now. We can expect the blurry picture to clear out in the coming days. Apple isn’t as good as it used to be when it comes to keep a lid on the secrets. Isn’t it?

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Raju is the founder-editor of Technology Personalized. A proud geek and an Internet freak, who is also a social networking enthusiast. You can follow him on Facebook and on Twitter. Mail Raju PP. Follow rajupp