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 …