Cheap iPhones!!
According to Wall Street Journal, Apple is now working on an iPhone half the size of the iPhone 4 and a major MobileMe overhaul to be released this summer!
The report claims the new iPhone, named N97, will be available at about half the price of Apple's main line of iPhones.
So it is expected this summer the iPhone 5 at $199/$299, iPhone 4 at $99 and iPhone nano at $49!
The report also mentioned that Apple is exploring a major overhaul of its MobileMe online storage service.
MobileMe is said to become a free locker for all of your personal media, which would allow Apple to provide less physical storage on their mobile devices.
In addition, MobileMe could tie into Apple's rumored cloud-based music service.