iPhone nano unlikely this year, analyst says

A JP Morgan analyst called Kevin Chang has said he reckons Apple will launch an iPhone nano in the US before the end of the year, ie a cheaper iPhone in the way the iPod nano is a cheaper iPod. That opinion seems to be based on patent applications made by Apple and other information from suppliers. But don't get too excited about that, another US based analyst called Bill Shope, says otherwise. Digital Music News quote him thus: "We believe a near-term launch would be unusual and highly risky. It took Apple over two years to launch its first low-end iPod [after releasing the main model]".