Apple is going to rolling out a cheaper version of iPhone 3G this Summer. Instead of Nano the New iPhone will be called as iPhone Lite. It is rumored that Apple will Introduce iPhone Lite at a very reasonable price 99$. The report suggests that Verizon would be offering the new iPhone summer.It’s also possible that the "iPhone lite" is the CDMA iPhone.Sources points that iPhone lite will be thinner and smaller than the existing iPhone.Apple will reportedly reduce costs compared to the current device by using a so-called "system on a chip," which would combine several different chips into a single package, making it less complicated and less expensive. The report claims that the low-cost SoC chip, which could also potentially be used in the media pad, would have a much lower cost that will "blow away the margins on the BlackBerry and the iPhone."The main question is what does lite stand for price, feature or size. Most likely Apple may reduce camera resolution, GPS chip, Smaller Memory size or WiFi Chip. According to Macnn Report.
Next big release is First netbook from the house of Apple and the netbook is named as Media Pad. As Arstechnia spotted media pad that would let users listen to music, view photos, and watch high-definition videos." The media pad is supposedly smaller than Amazon’s Kindle, but with a larger touchscreen. "The media pad category might go to Verizon," one of the sources is quoted saying. "We are talking about a device where people will say, ‘Damn, why didn’t we do this?’ Apple is probably going to define the damn category." Mr. Jobs is on holidays till June and chances are bright for his availability in WWDC’09.