Apple bringing Pre-Paid, free of Contract iPhone 3GS, iPhone 4S / iPhone 5?
Rumor is that Apple may be bringing differently priced phones to low, med and high-end users by late summer. According to BGR, Apple may be bringing a low-end pre-paid phone.
There were also reports of an iPhone 4S coming for a price lower than iPhone 5. It was further being said that apple would be offering its remaining stock of 3GS free to different carriers. But apparently that may not be the case and Apple may actually introduce a new low-price iPhone 3GS free of contract for a price of $350. Hence according to these reports Apple will launch low- priced iPhone 3GS, mid-range iPhone 4 and a high-end iPhone 4S by end of summer.
We will however, have to wait till the end of summer to get any authentic news in this regard. Till then we will just keep guessing about the upcoming Apple iPhone.

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