Wouldn't be a (pick a day) without a new Apple rumor. Now that Apple has officially closed the markets as the most-valued company in the world, maybe they'll give away iPhones?
A potential "iCloud Phone" has been rumored, at Silicon Alley Insider, to be on the block and offerable for free -- with a carrier subsidy.
Apple is reportedly trying to cut production costs to $400, keeping pace with the lower-end of the smartphone market. That's the end of the market that Android is ever-increasing its share, of course.
The iCloud should be released simultaneous with the iPhone 4. The iCloud could showcase iOS 5, according to applenapps.com's Trevor Sheridan.
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Sheridan reports that Apple is planning a special event to launch the new phones, but no firm date has been set.