Coming in early July! Apple introduces the new 3G iPhone with minor updates and a much lower price tag. The 8 gig iPhone will sell for $199 and the 16 gig will sell for $299 . That is about $200 less than the current price. The new phone will include a all black back and a flush headset jack. The iPhone will also have GPS which will allow for turn by turn directions.
Apple also announced a new version of Mac OS X that is sure to impress.
The stock took a dip upon the news, but bounced back before the close and is up in after hours trading.
Disclosure: Long AAPL
