Courtesy: colindunn via flickr

Apple is ready to unleash a successor to the current iphone4 in around September and probably name it iphone5 or 4gs and the rumors that are floating around suggest it might adopt the same processor the ipad2 has with an 8 megapixel camera. But i am not going to focus on the next generation iphone instead i’ll be talking about the cheaper version of iphone that Apple is going to use to conquer 3rd world countries. Rumour has that this new stripped down version of iphone will be around 2/3rd size of the current iphone and will wear the current generation hardware as the price of those components has gone down fit for a fresh iphone mini.

Before we speculate the price of the device and compare it to other devices let us write down the specs of iphone4. So we have a 1 GHz A4 processor, 3.5-inch 960×640(resolution) Retina display, 5MP Camera, HD Recording. As there is a decrease in screen size we can expect a smaller screen probably around 2.5 inches that would entertain a 3*x grid App layout that you usually find in current Nokia draped with Symbian V5. A 5MP Camera with HD Recording would be perfect for iphone mini to give a nice blow to its competitors who are well placed in mid range market segment. Analysts suggesting it to be around $200 is music to one’s ears and if you compare it head to head with many android devices like Xperia x10 mini pro, motorola backflip, Samsung Galaxy Ace S5830 etc with specs ranging from 600MHz processor to 800MHz and 5 MP Camera, iphone mini would still beat them if coupled with 1GHz processor and 720p video recording. One thing boggles my mind though if the screen size dips below 3 inches people won’t be too enthusiastic to go for such a device as most of the other devices have a healthy screen size at that price range.

Lastly the cheaper iphone rumored specs seems to good to be true and if they indeed turn out to be true. My eyes will definitely be on such a device as it indeed seems to be a good entry in mid-range market segment.