We have seen and heard of many rumors throughout the start of this year. But remember when you always wanted an iPhone but it just happened to be a bit too expensive? For example it's around $199 on a contract. But what if we happened to see an iPhone that was $200 without a contract?!

If your really excited right now, I don't blame you, because rumors are now starting to appear according to Macrumors and Mashable, that we have a good chance of seeing a smaller, more affordable iPhone. There weren't any mentions as to what the size of it will be or what specs. But the price is sure appealing.

This should be Apple's entry into the lower end phone market, so they can target Android phone sales. The number of Android phones on the market is huge, and also since it's the #1 mobile operating system, there's no doubt Apple would want to challenge them.