Cult of Mac ’s Ed Sutherlandis the late to drag the iPhone nano rumors out into the light and it ’s a specula - riffic read .   have ’s lay this out :

We of late wrote about Avian Securities ’ notion the iPhone nano will seem in 2012 . The gadget was described as “ cyclosis - only . ” This fits in with Apple ’s recent move to solidify its iCloud service , since the iPhone Nano would be barren of memory board , relying almost totally on cloud - free-base computer memory and streaming .

So , we have an only young ware line revolving around a theoretic infrastructure and the source is a firm that no one had ever heard of before last month when it said the iPhone 5 would n’t embark until 2012 .

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So , you know , you may go to the bank with this one .

grant to Sutherland , this fits perfectly with a comment Tim Cook made during the last quarterly league call about desire to change Apple ’s image of being “ just for the rich . ”

Are you literally at the depository financial institution now cashing your iPhone nano checks?Why the heck not ? !

Other than having no retention , how else will this phone be chintzy ? Well , it ’ll also ship “ without a data architectural plan or carrier contract . ”

An iPhone nano cost about the same as an iPod touch and costless of carrier restriction would operate like the iPad Wi - Fi , well bond to Apple ’s gist software system statistical distribution .

No , seriously , just walk up to the teller and call :

“ I WANT TO CASH THIS IPHONE NANO handicap THE APPLE RUMOR MILL WROTE ME THEY tell ME IT WAS secure AS GOLD . LOOK , JUST GIVE ME MY IPHONE NANO MONEY . WHAT IS SO HARD ABOUT THIS ? UGH , WHATISIT , OFFICER ? ”

OK , now , really , before you produce an incident at the bank , maybe you’re able to work out a few puzzlers about the iPhone Nano that have the Macalope scratching his head just between the right auricle and antler .

The telephone set is “ tied to Apple ’s core software distribution , ” which presumably mean apps , because who wants an iPhone without apps ?

But this is a memory - less phone .

That receives all of its media from “ the cloud . ”

And yet has no data plan .

Oookay .

The Macalope ’s not find fault Sutherland per se , nor is he even denying that Apple might finally deliver a cheap iPhone Nano and that it might boast streaming medium . He ’s just saying that , while he ’s no Steve Jobs , he ’s pretty sure not all the kinks have been run out of this rumor just yet .