Apple set to sell iPhone 4 8GB on a lower price before the release of iPhone 5

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Last week Apple privately on talks with the Foxconn Technology and a iPhone  8 GB of memory, is slated to hit the market within several weeks, Reuters reports citing two unnamed industry sources. It’s currently iPhone 4 16 & 32GB available on market, Although details are scarce, this report seems to be different from rumors claiming Apple is planning to release a significantly cheaper and pared down version of the iPhone. Apple also claims that the next generation iPhone will be launched at the end of September. Last month who are tied to Korean manufacturers that produce parts for the iPhone, only mention the reduced storage memory in an otherwise standard iPhone 4, which will reduce the device’s price but is unlikely to provide for a drastic price cut. Apple Promising to releases the iPhone 5 by end of September or early October