According to Bloomberg, the next iPhone is going to be two-thirds the size of the already (very) petite iPhone 4. That's crazy small. But will it happen?
Maybe, maybe not, according to Bloomberg's sources, who saw the prototype sometime last year. Apple has considered announcing the tiny handset this (northern) summer, but could still decide to scrap it in favour of a different model.
If Apple does go small, there are also plans in the works to offer the next iPhone for just $US200 off-contract; the current cheapest iPhone in the US goes for that amount only with a two-year service plan).
And even if Apple decides to stick closer to the current form factor, they're still intent on giving iPhone 5 dual-mode powers (like the Verizon iPhone 4 almost had), as well as a "Universal SIM" that would let users switch back and forth between GSM networks without having to switch out your SIM card.
That price, with those features, and that size, would be a pretty unprecedented leap forward; certainly enough to confirm Apple as the frontrunner in its ongoing mobile battle with Android. Also intriguing is the possibility that Cupertino might expand its offerings to include multiple form factors at once, something they've steadfastly avoided since their very first handset.