Media outlets report Apple is working on iPhone nano

February 14, 2011 5:41:29 PM PST
Apple is reportedly working on a new less expensive version of the iPhone.

The Wall Street Journal and Bloomberg are among the media outlets reporting that the model will be half the size and half the price of the current model.

The iPhone Nano could come out this summer.

Apple told 7 On Your Side it would not comment on rumors and speculation.