Apple, Inc.'s new iPhone 3G will go on sale in the U.S. on July 11 at $199 for the 8GB model and $299 for the 16GB model. It's faster and cheaper than Apple's original iPhone and comes with GPS, support for Microsoft Exchange, and automatic switching between Wi-Fi, 3G and EDGE networks. And iPhone 3G runs hundreds of third-party applications.
Apple introduced the iPhone 3G on Monday. The new model has the original features that consumers raved about, but is twice as fast and half the price as the first-generation iPhone.
In the U.S. the new iPhone 3G is priced at $199 for the 8GB model and $299 for the 16GB model. The phone goes on sale in the U.S. on July 11.
The iPhone 3G has built-in GPS for expanded location-based mobile 
"Just one year after launching the iPhone, we're launching the new iPhone 3G that is twice as fast at half the price," said Apple CEO Steve Jobs. "iPhone 3G supports Microsoft Exchange ActiveSync right out of the box, runs the incredible third-party apps created with the iPhone SDK, and will be available in more than 70 countries around the world this year."
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