Tech News

Reuters - Apple Inc on Monday unveiled a next-generation iPhone with faster Internet access that will run on advanced wireless networks and sell for as low as $199 -- half the current entry-level price.

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Investor's Business Daily - 1 As expected, Apple (NasdaqGS:AAPL - News) unveiled a high-speed version of its smart phone. The 3G iPhone, which will go on sale July 11, features GPS and costs less than the original, priced starting at $199. Apple also revealed a MobileMe online service for synchronizing applications that costs $99 a year. Apple shares fell 2%. BlackBerry maker Research In Motion (NasdaqGS:RIMM - News) wasn't fazed, rising 2%.No tag for this post.

PC World - A combination of lower component costs, cheaper materials, and changing business models is behind the drastic price cut for Apple's new 3G iPhone.No tag for this post.