iPhone Nano: iPhone Nano to Come?

On the heels of the long-awaited debut of the iPhone on Verizon Wireless, new rumors are leaking out of the Apple offices about a new device to shake-up the smartphone market.

Known as the iPhone Nano, the new device is rumored to be about 1/3 the size of the iPhone 4, and would be available for $200 without a contract.

While still in the rumor stages and with many questions surrounding it, the new device is being proposed with a new wrinkle in which network the phone will be on.

According to reports, the phone will come with a universal SIM card, which will allow for the phone to be carried across any participating network without two-year agreements.

The proposed phone would also lack the “home” button that other iPhones have.

The move by Apple would be a response to the Google-back Android phones, which have seen their share in the global smartphone market trump Apples 32 percent to 16 percent.

No official word from Apple has come out about the phone yet.

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