I’d take this one with a grain of salt, but “Bloomberg Businessweek” (http://macte.ch/mo0eX) says Apple Inc. is working on new versions of the iPhone that are aimed at slowing the advance of competing handsets based on Google’s Android software,

Quoting “people who have been briefed on the plans,” the article says one of the iPhones would be cheaper and smaller than the most recent iPhone. Apple also is developing technology that makes it easier to use the iPhone on multiple wireless networks, “Bloomberg Businessweek” says.



The article adds that Apple has considered selling the new iPhone for about $200, without obligating users to sign a two-year service contract. Android phones for a range of prices at AT&T Inc., Verizon Wireless and other carriers, and typically are sold with agreements that include a fee for broken contracts, notes “Bloomberg Businessweek.”