Yeah It Means Its An 8GB Phone But It Never Says 8GB Because The Phone Has Apps Even If You Reset It To Factory Reset It Wont Say 8GB Lol Thanks For Answering :)
Yes I have a picture of it turned on and it still has a lot of game apps. That manly what my son used it for til I let him upgrade to a 4s. And this has sat on his desk since doing nothing.
Lol Its Ok It Never Shows Its an 8Gb If It Has More Than 8 but Less than 16 then Its A 16 Gb One If It Less than 32 But More Than 20 then It Will be a 32 Gb One Just If You Wanted To know In the Future lol