Two steps ahead....

Apple to launch cheaper, "nano-like" iPhone in Q4 07?

I'm really happy I'm not running Nokia's handset division right now.

Xeni Jardin:Snip from Reuters:

Apple Inc. plans to launch a cheaper version of the iPhone inthe fourth quarter that could be based on the ultra-slim iPod Nano musicplayer, according to a JP Morgan report.

Kevin Chang, a JP Morgan analyst based in Taiwan, cited people in thesupply channel he did not name and an application with the U.S Patent andTrademark office for his report dated July 8.

Apple filed a patent application document dated July 5 that refers to amultifunctional handheld device with a circular touch pad control, similarto the Nano's scroll wheel.

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