Please Note: Another name for iPhone Lite could be iPhone 3G II [Updated intro] From the polls I think it is safe to say the name iPhone Lite isn't popular, and somewhat misleading. However there is some support for the idea Apple will continue the iPhone 3G line even after an upgraded model is released - similar to the MacBook and MacBook Pro. Will Apple continue the iPhone 3G line?? On the Positive Going forward the hardware will become cheaper to produce. Thus Apple could compete in lower market segments. Apple can’t easily make money from second hand sales of old models. But a sexy new phone with a warranty and the same features would be attractive to buyers. Some users might want to stick with the hardware they are used to, but still want a new iPhone (sad, I know). On the Negative Apple could be undercutting themselves Users would then be forced to choose what features they want (could also be a good thing) Marketing would be more complicated I will update these pros and cons from time to time.