Apple didn't surprise too many people when they didn't announce a new version of their popular smartphone last month. We've known since March that Apple wasn't planning on unveiling any new hardware at their WWDC conference.
A majority of the rumor mill points to an early fall release for the next iPhone, and we have a few reasons to believe that's accurate. It's been reported that Apple has already dropped supply orders in anticipation for the new model, now we're getting word of an iPhone 4 price-drop...