JP Morgan is predicting a Nano version of the iPhone by the holidays. The cost: under $300. And you know what? I bet it will have the same amount of memory as the bigger iPhone (4 or 8 GB).
Talk about product life cycles speeding up. It used to take at least a year between different iPod designs. If this rumor proves true, the next iPhone Will be out in less than six months. Yet another reason to wait before taking the iPhone plunge.
Update: Now JPMorgan is retracting its prediction.