According to two unknown sources have indicated to Business Week, Apple and Verizon may be launched in summer two devices similar to iPhone in early summer, an iPhone lite and what it has termed as Media Pad.

The first would be an iPhone device smaller and less expensive. IPhone Light, as it is called, is smaller and thinner than the current iPhone, and cheaper, among other things that use the operating system and technology integrated into a single chip that also controls the graphic functions.
The second would be a “Media Pad” with a size smaller than an Amazon Kindle, but with a larger screen and a multimedia device that would reproduce photos, high definition movies, music, and would have enabled the ability to browse the Internet and make VoIP calls using Wi-Fi.
The most severely affected by this, is because AT & T gained exclusivity until 2010 with the iPhone, but these prototypes are not “iPhone” will have to wait events.
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