Apple’s latest generation of the iPhone, the iPhone 5, is set to debut at Apple’s Media event next week. But what will happen to the iPhone 3GS and 4? According to a report from The TelegraphApple will say goodbye to the iPhone 3GS and make the 4 the entry-level device.

The Telegraph:

The new update will mean that the 8GB version of the iPhone 4 will be the entry-level iPhone, probably given away free on £20 per month contracts, as the 3GS is currently. Sources close to retailers also suggested that an 8GB version of the 4S could be introduced.

 Shortages of the iPhone 3GS have also been reportedly begun to hit Apple stores, and since the device was released in 2009, it would make sense for Apple to get rid of it.

(Source: Mactrast, Via The Telegraph)