According to recent rumors, Apple may introduce more than one model of its next generation iPhone with slimmed down specs at a lower price and limited availability.

The new “lite” models would come alongside the much improved 3rd generation iPhone with one sporting an EDGE cellular connection instead of the much faster HSPA+ standard. A new CDMA only iPhone without WiFi would be launched in China with sales limited to that country as well as a regional lock tying it to Chinese cellular carriers. However, the much rumored “iPhone Nano” would not be part of the new line up.

Via: iPhones Talk