Apple to bring new cheaper and smaller iPhone

A good news for costumer who always desire to have an iPhone in their hand but can't do because of its premium prices. Latest development is that the leading brand of iPhone Apple working on smaller and cheaper iPhone.

After the miraculous sales of iPhone, Apple is working on a new line of cheaper iPhones which will expected that it's half the price and the size of current iPhone.

Apple was undertaking an inspection of software services for the devices to accelerate sales of its smart phones amid growing competition.

Apple came last on Top-5 list in leading iPhone brand with it's 16.2 million units shipped during the fourth quarter of last year as reported last month by the tech research company IDC. As per the wall Street Journal said, the new iPhone named N97 and it would be half the size of the iPhone 4 and also at a half price of the current unit.

According to Journal, it would allow carriers to contribute the retail price, putting the iPhone in the same mass-market price range as rival smart phones.

Though apple currently sells iPhones to carriers for $625 each, consumers willing to accept a two-year contract get it for $199 from carriers.

The report also said, Apple is to revitalize it popular MobileMe online storage service which lets users store data in a central location and synchronize their calendars and contacts among computers and other devices.

Currently, this mobile is comes with an annual subscription fee of $99, but it is expected that the company may give it free to serve as a 'locker' for personal memorabilia such as photos, music and videos, eliminating the need for devices to carry a lot of memory.