CNN reports that Apple has put its target on the PC sector between mobile netbooks and mobile devices such as the iPhone. We have all seen the minitablet pc’s at conventions around the states.  However, these pc’s are very limited in what they were able to do — mainly basic web browsing, some word processing, and e-mail, basically due to the limitations of the OS and hardware. With Apple’s iPhone OS, which as proved it works well on small screens and with limited input options.

Can Apple do it? I hope so! (And probably Yes)

Apple has always had some sort of a rumor mill turning about new devices coming out. This is probably due to the slow release speed but quality products they have been known to produce.

Another rumor that is tied in with this one is that iPhone Lite is being offered to Verizon once AT&T loses its exclusivity rights. The good news about this rumor however, is that iPhone Lite is slated to be $99. Granted, this is all just rumor at this point, but it is tasty.

Read the rest of Neowin’s article here.