Apple building smaller, cheaper iPhone: report

I always thought the iPhone and Android smartphones were just too big for their own good. My reasoning (and personal preference): I have enough things to carry around in my pockets as it, and upgrading to a smartphone that is twice the size of my old LG Chocolate Flip phone didn't make a lot of sense to me. But, it seems that a new half-sized (and half-priced) iPhone is on the way...That could make things interesting...Now I wonder if other phone makers will follow suit...