It will be interesting to see whether or not these predictions come true
In a recent patent application dated July 5, Apple describes a multifunctional handheld device that accepts input via a single input arrangement. Some industry onlookers are pointing to this as a potential sign of a follow-up product to the iPhone.
Those familiar with Apple’s miniaturization and product expansion strategy will not be shocked to learn that analysts are predicting that the iPhone will eventually be joined by a cheaper model based on the design of the iPod Nano.
Another possibility is that instead of iPod Nano designs heading to the iPhone, it will be iPhone technology making its way to the iPod line. Adding touchscreen functionality to the iPod may give the Apple music player a new edge without fearing lost sales to the iPhone.
Analyst Gene Munster of Piper Jaffray says, "We believe the iPhone reveals much of what the iPod will soon be... iPods with some of the touchscreen features of the iPhone should lessen the impact of cannibalization."