iLounge

The new iPhone will hit the market at the same price points as the current iPhone 4S — $199, $299, and $399 — according to a 9to5Mac report. The report cites a part codes matrix from a “well-known U.S. retail chain” for the pricing information, while speculating the storage capacities of the new iPhone will remain the same as the 4S: 16GB, 32GB, and 64GB.

As the new iPhone gets ready to push the 4S down a notch, the 3GS looks to drop out of the lineup entirely, according to a report from The Telegraph. The 8GB version of the iPhone 4 would be the new entry-level iPhone, marketed for $0 with a standard monthly contract, while an 8GB version of the 4S could be released, as well. It remains unclear at this point whether Apple will update the Dock Connectors on prior-generation iPhone 4 and 4S models to match the smaller port expected on the next iPhone, or leave the older devices largely unchanged.