bigkahunafish writes "It seems Apple is planning a cheaper version of the iPhone possibly based on the iPod Nano. This phone would be priced below $300 making it more affordable than the $500-600 iPhone. This should bring Apple phone technology into the hands of more users, though this cheaper phone could have more limited functionality. From the article: 'Sales of the [original] iPhone are expected to be limited to a small percentage of the market due to its high price tag, particularly in the United States where 85 percent of consumers tend to spend $100 or less on cell phones. But analysts forecast that a cheaper phone from Apple, which leads the digital music player market, could pose a much bigger threat to long-established phone makers such as Nokia, Motorola Inc, Samsung Electronics Co Ltd and Sony Ericsson, owned by Sony Corp and Ericsson.' I just hope they don't make a phone based on the iPod Shuffle."