O2 iPhone 3G Price Cut Ahead of New 3rd Gen Apple Handset (iPhone Nano?)

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According to rumours presently circulating the net, O2 are apparently poised to reduce the price of the iPhone 3G in order to clear its stocks ahead of a new (much speculated upon) 3^rd Gen iPhone rumoured to be set for release sometime in July.

Whilst we should stress that the rumour remains wholly unsubstantiated at this juncture, either by Apple or, for that matter, O2, we would not wholly rule out the rumour transpiring to be well grounded as Apple are widely speculated to have a somewhat more compact handset, tentatively referred to as the iPhone Nano, waiting in the wings though, once again, Apple have not acted to either confirm or deny the existence of such a device. But, being that Apple have a reputation for playing such matters extremely close to their chests (we remember all the speculation leading up to both the original and 3G variants of the iPhone) we would not dismiss the rumour out of hand.

Interestingly, certainly for UK consumers, its also being reported that the new iPhone (or iPhone Nano if you prefer) will not just be restricted to the O2 network in the UK, as has been the case with both variants of the iPhone to date, but may (repeat, may) also be carried by Orange.

Truth or fiction or perhaps just wishful thinking? If you ask us which side of the fence we’re sitting on we’d say that its highly likely that the above rumours indeed ring true – though, of course, only time will tell.

UPDATE: See Apple iPhone 3G S Features & Pricing Official [iPhone 3G S 'Most Powerful iPhone Yet'].