Rumors have been going around (stemming from a Wall Street Journal report) that Apple is working on a smaller, and cheaper version of the iPhone to come out this summer. Some have been calling it the "iPhone Nano". Now the New York Times reports that its sources say Apple is not working on a smaller iPhone. 

Of course sources from either publication are unnamed, so who knows, but the latest is: do not expect a smaller iPhone this summer. 

Here what the Wall Street Journal had reported, citing "people familiar with the matter": 

One of the people, who saw a prototype of the phone late last year, said it is intended for sale alongside Apple’s existing line. The new device would be about half the size of the iPhone 4, which is the current model. 

The new phone—one of its code names is N97—would be available to carriers at about half the price of the main iPhones. That would allow carriers to subsidize most or all of the retail price, putting the iPhone in the same mass-market price range as rival smartphones, the person said. Apple currently sells iPhones to carriers for $625 each on average. With carrier subsidies, consumers can buy iPhones for as little as $199 with a two-year contract. 

Here’s what the New York Times reports, citing "people briefed on Apple’s plans who requested anonymity because the plans are confidential (which does sound a little more trustworthy):

Apple’s engineers are currently focused on finishing the next version of the iPhone, which is likely to be similar in size to the current iPhone 4, said one of the people. The person said Apple was not planning to introduce a smaller iPhone any time soon. Analysts expect the new iPhone to be ready this summer.

More important, a phone with a smaller screen would force many developers to rewrite their apps, which Apple wants to avoid, the person said.

Cheaper may not be out of the question, but don’t expect smaller anytime soon.

Would you like to see a smaller iPhone?