"The biggest technical news, which was widely predicted, is that the new iPhone, available July 11, will operate over so-called 3G networks, which are many times faster than the EDGE networks that the iPhone currently uses. Also confirmed was the rumor of GPS for real-time location tracking on the iPhone. But perhaps the most crowd-pleasing announcement is the dramatic price cut: from $399 for an eight-gigabyte model to $199. A 16-gigabyte model will be $299 and available in black and white."[via technology review]
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