Guess what's back in the news. If you guessed a $99 iPhone then you just won the prize. Analysts at Royal Bank of Canada Capital Markets are predicting some changes in the Apple iPhone lineup this summer. However, the $99 iPhone predicted by Mike Abramsky doesn't resemble some of the earlier mockups of an iPhone "Nano" we've seen previously.
As you can see by the specifications above, the cheaper and highly subsidized version of the iPhone would have similar dimensions as its current model counterpart. The main differences would be lack of 3G or GPS support and a less expensive (and less included bandwidth) data plan. Along with the introduction of the basic model, Abramsky and others expect that Apple will also introduce an upgrade to the full-featured iPhone 3G.