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New iPhone lineup after refresh
iPhone5 (new form factor, better cameras, faster speeds, bigger screen, muliti touch home button)
iPhone4+ (cheaper then current iPhone4, A5 chip, cheeper to make)
iPhone3GS (cheeper then iPhone4+)
NO,
New iPhone lineup after refresh:
iPhone 5 (or PRO) (new form factor, better cameras, faster speeds, bigger screen, muliti touch home button, NFC)
iPhone4s (s for Standard or Smart) (same iPhone4, 8GB only, plastic or aluminum back, cameras downgraded to same as ipod touch, NFC added , much cheaper to make)
NO iPhone3GS, no 5G iPod Touch