Apple Inc. (AAPL) on Monday introduced its long- awaited 3G iPhone for $199, which will be available starting July 11, and outlined its new iPhone software store, in moves demonstrating how central Apple’s iPhone is to the computer maker’s future.
The new iPhone and the steep price cut was the most eagerly anticipated of the developments Apple Chief Executive Steve Jobs revealed Monday during an address to a gathering of Apple developers. The new version is also slightly thinner than the older model and contains a global positioning service. Apple intends to sell the device in 70 countries over the next few months.
A 3G version of the iPhone with 8 GB of memory costs $199, while one with double the memory costs $299. Earlier versions of iPhones cost $399 and $499, depending on memory size. Some stores are still selling the older version but supplies are dwindling. Meanwhile, the older iPhone is no longer being sold through Apple’s online store.
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