New York City, New York (WiredPRNews.com) — On Monday, Apple announced that the current model of its iPhone will be available at half price. This news is expected to address the problem faced by users of iPhone due to poor network connectivity. According to the CEO of Apple, Steve Jobs, the new iPhone uses advanced 3G support will be faster than 36% in comparison to Nokia’s N95.
According to the latest news, 8GB Apple iPhone will cost around $199 and its 16GB version will be available at $299. Jobs also said that the new Apple iPhone will be available throughout the world from 11July 2008. Some of the best features of Apple iPhone include web browsing support of 6 hours and talk time of 5 hours. The arrival of Apple’s 3G iPhone comes after a brief period of speculation and rumors ever since the World Wide Developers at San Francisco. Since the announcement of iPhone, the shares of Apple saw a fall of 4% as many investors were looking forward to get the new gadgets from the market. Over the past three months, there has been an increase in the stocks by 55%.
While the cut in the price of iPhone has been a welcome change for customers, AT&T said that it will face the heat while giving subsidy to the new Apple iPhone.