There have been swirling rumors about iPhone Nanos lately. The latest comes from analyst Toni Sacconaghi, who recently had a meeting with COO Tim Cook, CFO Peter Oppenheimer and SVP of Internet Services Eddy Cue. Cook might’ve slipped up in the interview when talking about the tablet and smart phone markets.

The root of this stipulation comes from the fact that Apple does not want to be synonymous with the word “rich”. Apple wants to appeal to everyone. There were even more good things said at this supposed meeting, the iPhone was called “the mother of all halos,” by none other then Mr. Cook himself. It’s true. People view the iPhone as a product of pop culture, if the user experience of the iPhone is excellent, people will want the Mac. Win-win situation for Apple.

Cook also stated that Apple has made huge strides in China, “a classic pre-paid market.” Could this mean that Apple is looking at a pre-paid cellphone option? Even Oppenheimer said that Apple needed more carriers. (He compared it to RIM who has over 550, versus a mere 175 for the iPhone. **T-Mobile or Sprint anyone?**)

Here’s how I think it’s going to go down. Apple is going to release a 4″ iPhone 5 for the same $200 for “rich” people. They’re going to introduce a cheap iPhone nano for $49-$29 with a 3.5″ screen with iPhone 3GS internals and an iPhone 4 camera (for FaceTime). Do you think Apple would release that? Drop us a line in the comments.

Via: Forbes