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Apple Cuts Price, Adds 3G Capability To iPhone

Broadcasting & Cable - Business and Deals News  Mon, 06/09/2008 - 15:42

Apple has taken another big step to making its video-friendly iPhone a true mass-market product by lowering its base-model price to $199, a 50% drop from the current $399 price for a unit with 8 gigabytes (GB) of storage.

The new iPhone 3G will also support high-speed 3G networking technology that will make broadband access twice as fast compared to first-generation iPhones that run on AT&T's slower Edge data network.