Rumours of an Apple iPhone Nano

The US technology press is now rife with speculation about a new, smaller, cheaper version of the Apple iPhone without many of the bells and whistles which appear on the original.

According to reports, from the likes of Apple Insider and PC Magazine, the iPhone Nano will concentrate on basics like making calls and playing music rather than internet browsing and email.

Insiders claim that the phone - which is expected to launch later this year - has been dubbed the Nano because it resembles Apple's compact MP3 player.

The 'Nano' is rumoured to feature a click wheel and is expected to have a price tage well below the $500 of the current iPhone on sale in the US.

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