There is rumor among many people that mini iphone exist with price $100, this rumor is false.
But there are chances that apple will be thinking of producing low price or economical version of iphone 4, so actually more people could become members of apple products.
According to the private firm of US investments there are reports that apple will eventually bring out lower price or economical version of iphone 4, to cover 25-30% people who are still using cheap smart phones and are big fan of iphone but could not buy it due to high price.
Also as Samsung is drastically covering market of low priced smart phones apple is in big shock, although apple has sued samsung for several reasons for copying it's design's and software's which is still pending in courts.
According to reports if apple would be releasing low priced iphone it will be ranged near $150-$200 to compete samsung most low priced smart phones, this will be done by decreasing screen size or hardware functions.
The mini iphone price will depend upon screen size, ram, processor and performance
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