According to BGR, Apple will reportedly debut a $350 iPhone sometime this year, will lower the price for the iPhone 4, and unveil a new iPhone 4S/5 in late August.
We just received some new information from an incredibly solid source of ours. According to our source, Apple will indeed be launching a prepaid / lower cost iPhone this year. We are told the handset will retail for no more than $350 without contract. Ready for the really interesting part? It’s entirely possible that the low-cost iPhone will in fact be the iPhone 3GS.
BGR has confirmed more about iPhone 5 features which will be totally new design, but it’s unclear whether this device or iPhone 4S is coming first. Sources confirm that whichever device is to be released will be announced at the end of summer probably at the end of August.