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iPhone to Get Miniaturized

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iPhone to Get Miniaturized

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CORAL GABLES, FL - FEBRUARY 10: Julie Bennink makes a phone call on her new iPhone that she had just purchased at a Verizon Wireless stores after they started selling the smart phone on February 10, 2011 in Coral Gables, Florida. AT&T had previously had a monopoly on selling the iPhone since 2007. (Photo by Joe Raedle/Getty Images)

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Apple loves to make mini versions of its stuff, and it looks like the iPhone is not exempt when it comes to getting a little brother.

The Wall Street Journal reports today that sources at Apple have confirmed a new smaller version of the popular smart phone is in the works.

One source said the new mini version would be about half the size of the current iPhone 4 and be available for about half the price.

Apple is also said to be revamping its MobileMe service and may possibly offer it for free, instead of the current $99 a year.

There was no specific date for the release of the new smaller iPhone, but sources said, while things could change, they expect it would be out this summer.

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