“N97″ (iPhone Nano) To Ditch Physical Storage, Move To The Cloud? – [RUMOR]

CoM today claims that the N97, the codename thought to be being used internally by Apple to describe a smaller, cheaper iPhone model, will ditch physical storage relying entirely on cloud-based content and storage.

The rumor follows claims by both Bloomberg and The Wall Street Journal which seemingly corroborate the ‘iPhone Nano’, with the WSJ in particular adding that MobileMe may be central to Apple’s future cloud-based storage plans.

Apple decided to lose some of the memory, which is by far the most expensive component of the iPhone (up to one-quarter of the device’s cost, according to iSuppli estimates).

By “some” of the memory, we mean ALL of the memory. The iPhone nano will have no memory for onboard storage of media, our source says. It will have only enough memory to buffer media streamed from the cloud.

“I’m talking strictly storage memory here,” said our source.

As noted however, there would of course be the need for some physical storage to handle things such as the storing of the actual iOS operating system, but the point here is that all other content, including content downloaded within apps, may be passed through Apple’s new, revamped MobileMe service reportedly set to drop this summer.

All of this definitely sound interesting and I guess we’ll find out how accurate these rumors actually were as 2011 rolls on …

[CoM via MacRumors]

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