I think this forecast will add more fuel to rumor of an iPhone "nano". An analyst revealed that Apple will likely offer a new iPhone in the first half of 2009 that “a lower-cost version of the iPhone is coming … possibly in mid 2Q.”

Is it a iPhone "Nano" that's been discussed on various sites? “We believe this device is on its way,” said Friedman, Billings, Ramsey analyst Craig Berger.

[via Tech Trader Daily]