Lower priced iPhone coming by end of year?

AppleIt’s time for another round of iPhone rumours.

BGR.com is reporting today that Apple will launch a pre-paid lower cost iPhone this year. According to their “incredibly solid source,” this device could be none other than the iPhone 3GS. Apple would also continue to offer the iPhone 4 alongside the new iPhone (whether it’s the iPhone 4S or the iPhone 5 remains to be seen). The new iPhone looks set to be announced by the “end of Summer, late August-ish.”

If this all sounds very familiar, it’s because RBC analyst Mike Abramsky suggested something similar last month.

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