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iPhone nano for Spring 2009?

Barclays Capital analyst Ben Reitzes this week re-launched speculation concerning Apple’s plans to diversify its iPhone line with the introduction of a less well-featured ‘iPhone nano’, but not until Q3 2009 at the earliest.

In a note to clients despatched this week Reitzes cut his earnings projections on Apple to reflect the globally-depressed market – but insists there’s plenty of vim and vigour left to Cupertino in the months to come.

The analyst also speculated Apple may plan to introduce a cheaper entry-level iPhone to widen its addressable market. The speculation suggests the new device will be like an iPod, but won’t have the capacity to download and use App Store applications.

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