A new report suggests that Apple will release its next iPhone to be very cheap with lower memory storage by taking advantage of iCloud.iPhone 5 is likely to have a price of $200 in the United States and which may be purchased for free after signing a two year subscription. According to the source of the information the device will have a very small amount of memory and use icloud for storing data.
However this is not much impressive but you should take a look at other word spreading around the net that Apple would also launch two new iPhone in September or a month later. One would be cheap but low capacity while other is high end technology.
Source: iClarified
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