Currently, the iPhone 4 is available with either 16 or 32 GB of storage space.
Although details are scarce, this report seems to be different from rumors claiming Apple is planning to release a significantly cheaper and pared down version of the iPhone. Reuters’ sources, who are tied to Korean manufacturers that produce parts for the iPhone, only mention the reduced storage memory in an otherwise standard iPhone 4, which will reduce the device’s price but is unlikely to provide for a drastic price cut.
Reuters also claims that the next generation iPhone will be launched at the end of September.
The launch date of iPhone 5 has been juggled with more than ever in the device’s history. We’ve seen rumors flying back and forth, some pinning the date to October and others to September.