There are countless rumors circulating the web nowadays and this time, it focuses on the supposed release of Apple's iPhone Nano alongside the new iPhone or iPhone 5.

The rumors were based on the article featured in China Times where the possibility of the iPhone Nano can be a near reality. According to the article, Apple is planning to release an iPhone Nano that would cater to the low-end smartphone market. If compared to the usual iPhone, it would be much smaller in terms of size and it would be cheaper in terms of its selling price. The supposed release date for this device is slated to be in the latter part of this year. No specific information like specifications and features were disclosed in the said report. Though there are no official details about Apple's iPhone 5, many people are expecting a June release date-a period where the previous iPhone models were released.

In line with this, the web has also been buzzing about the rumors surrounding a mini iPad. The mini iPad would supposedly be Apple's answer to a budget-friendly tablet niche. Some people are expecting that the rumored mini iPad will be the direct competitor of Amazon's Kindle Fire. This tablet from Amazon is considered as one of the most recommended tablets for people who are looking for a cheap yet powerful tablet in the market.

Apple has not released any comment about the rumors regarding an iPhone Nano but this is expected of Apple since it has not addressed any type of rumor regarding Apple's new iPhone or iPhone and even the rumors about a mini iPad. The company said in an earlier statement that the company does not address these rumored news and specifications about their next Apple gadgets which leaves customers clamoring for more leaked information and rumors.

Some experts are also putting their skeptical hats about the rumors regarding a mini iPad and iPhone Nano. They believe that Apple does not really need these devices in order to maintain their supremacy in the smartphone and tablet market.