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More news on the iPhone Nano front - except this time, it seems to have some credibility to it.  Chinese newspaper Commercial Times reports that handset component suppliers are shipping the parts necessary for a new iPhone, placing the potential launch date in the typical June timeframe.  What's more, the suppliers went on to say that old and new iPhones could top 2 and 3 million units, respectively, by the quarter after the launch of the new device.



Additionally, rumor has it that Apple has ordered 100 million 8GB NAND chips, which is the main component for the device's internal memory.  In regard to physical features, other rumors list the device as having a 3.2 megapixel camera, an FM transmitter, and video recording options. 

Will Apple make a formal product announcement prior to launch?  My guess is not - though they did this with the first iPhone, any sort of announcement would dramatically hurt sales of the iPhone 3G across all channels.  With their entry into Best Buy and Walmart, I would venture to say that Apple wants iPhone 3G sales to be strong for as long as possible.

Sources: Digitimes & SlashGear


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