The iPhone's lowest price - for an 8-gigabyte version with the major new features - will fall to $199 when new models go on sale July 11, the Cupertino-based company revealed Monday. A 16 gigabyte model is to sell for $299.The new iPhones are designed to work over so-called 3G, or third-generation, wireless networks and have global-positioning technology built in. They'll roll out initially in 22 countries. Apple has inked deals for wireless carriers in a total of 70 countries to carry the new iPhone.
Apple Chief Executive Steve Jobs showed off the new models of the iPhone and about a dozen new applications for the device at Apple's Worldwide Developers Conference in San Francisco.
The 1.73 million iPhones Apple sold in the first three month this year gave it a 5.3 percent share of the worldwide smart-phone market, according to research firm Gartner. Apple has been adding overseas markets gradually with carrier deals.