Earlier today we told you that the NYT were reporting that Apple were not working on the iPhone Mini, one thing we forgot to mention from the NYT report is that it looks like the iPhone 5 may end up being cheaper than the iPhone 4.
According to the NYT report Apple will be looking to produce cheap versions of the iPhone 5, which could have less memory and a slightly different quality camera.
This does sound quite interesting, and would make much more sense for Apple to produce the same design, but with slightly cheaper components in one model, who knows we could see an 8GB iPhone 5 launched at a cheaper price.
Have a look at our article on the difference between the iPhone 4 and iPhone 4S, and also make sure you check out our iPhone 4S review.
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