With just over 24 hours until the annual Apple World Wide Developers Conference or WWDC as it is termed to the Apple fraternity the rumours surrounding the announcement of a new range of iPhones has crescendoed to a peak where even respected conservative publications are joining in.

Reported on the FT.com website:
“Apple plans to introduce a cheaper version of its popular iPhone as soon as Monday, in a move that could dramatically increase the company’s share of the market for web-surfing devices, people familiar with the initiative said on Thursday.

Analysts said that the company wanted to show off either a $149 phone or a $99 phone, down from the current low end of $199 and still subsidised in exchange for an AT&T communications service contract.”

Of course this is all speculative. Apple may indeed (and hopefully will) announce new iPhones, but there is no guarantee that they will make the announcement during the WWDC keynote. It makes a lot of sense to do so, but in the absence of Steve Jobs will Apple break with tradition and let someone else announce the latest additions to their wireless hardware, or will Steve Jobs make a surprise visit and take the limelight of the latest and greatest product announcements.

All will be revealed in just over 24 hours time.