According to Daily Mail, Steve Jobs and his company are preparing a mini version of iPhone which will be ready for Christmas.
It is called iPhone nano about which there were many rumors so far and however not confirmed. It is supposed that it will cost 163 pounds or 150 with a contract.
The only thing that is known about its design and functionality is that there will be a sensor disc at the back of the phone and the screen will be at the front but dialing numbers will be done at the back.
