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Posted: 04/30/12 01:43 PM ET  |  Updated: 04/30/12 11:51 PM ET

This Week In Apple Rumors: iPhone Nano, New iPhone Mockup And More

Every week the numerous blogs covering the machinations of the Apple empire float unconfirmed rumors, blatant speculation and questionably-sourced reports on what the company might be unveiling in the near or distant future. Let's take a look back at what the Apple blogs were excited about during the week of April 22 - 28. Check out our last edition of Apple rumors here, and for all the latest follow me on Twitter right here.

What The Heck Is An iPhone Nano?
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First, Apple had the iPod Nano. Then, we heard tons of rumors that Apple was working on an iPad Mini. Now, the Apple Rumor of the Week is that there is something called an iPhone Nano in the works.

What is this, an Apple Inc. for ants??

Welcome to a Mini-Edition of This Week In Apple Rumors, led off by a teensy rumor that could mean huge bucks for Tim Cook and company (somebody, alert Apple's accountants in the Caymans!).

As Apple looks to expand in China, its growth could be bolstered by a cheaper so-called iPhone Nano to appeal to lower-income mobile shoppers, as the China Times reports (in Chinese, natch). Citing "unnamed sources within Apple's supply chain," per BGR's translation work, Apple is apparently working on just such an entry-level phone, codenamed "iPhone Nano," though it wouldn't necessarily be much smaller than the (already pretty small) iPhone 4S.

The "Nano" apparently refers to the price of this hypothetically cheaper iPhone.

The China Times says that Apple will launch the "iPhone Nano" concurrent with the sixth-generation iPhone later this year. This is a pretty new rumor, however, with little corroboration from other sources, so I wouldn't start banking on it just yet -- either as a prospective cell phone buyer or as one of Apple's tax preparers in the Caribbean.

Speaking of the next iPhone: Why don't we take a look at what that just might look like, shall we? It's ridiculous iPhone 5 mockup time! Let's build this city on rock and roll!!!
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