NewsFactor - Sept. 7 may be the day the world gets a look at the next member of the iPhone family, and the latest reports suggest the smartphone will take advantage of Apple's iCloud to keep its cost low. By enabling storage of songs, apps, photos and videos on iCloud's servers, the trimmed-down iPhone would require less flash storage. That could mean the device might even be offered free, with a two-year carrier contract from either Verizon Wireless or AT&T.
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