An analyst at the Lazard Capital Markets is now saying there will be two new iPhones soon: the 32GB iPhone we’ve mentioned before and then a low-end version that will be headed for third world countries like Brazil and China. Cheaper doesn’t mean 3G-less, because according to the analyst Daniel Amir it will be 3G, though perhaps with less features than the current iPhone. Too bad the low-cost iPhone will probably ditch WiFi, which sounds strange (wouldn’t you rather have WiFi than 3G if you live in an emergin market?). I wouldn’t be surprised if they dubbed this non-WiFi iPhone Nano.

The analyst includes the NAND market outlook in his study, which gives 20% of production capacity to Apple. With the new models, both with 32GB, NAND producers will feel a renewed strain in meeting orders. We’ll see soon enough.

[via iphonebuzz]