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iCloud iPhone, Free With Contract, Coming This Fall?

Submitted by on August 15, 2011 – 8:32 amOne Comment

Rumors are surfacing that Apple is set to release a cloud-based iPhone that will slash prices and offer a low-end option for it’s popular smartphone.

The updated iPhone 5 missed a launch date this summer, but has since been expected in September. The iCloud iPhone could be released at the same time and steal the spotlight.

Apple’N'Apps reports the cloud-based storage could cut 15% of the costs of production. Although this would limit the amount of storage in the device itself, it would cost $400 compared to $600 for the current model. The iCloud iPhone could even come for free with a two year contract, while the iPhone 5 will cost $199 with the same commitment.

While all these details are still unconfirmed, they do support earlier indications that Apple is looking for a low-cost iPhone to introduce to international markets like China. But don’t you think a few people in the U.S. would be interested, too?

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