Apple to Release New iPhone Today: Although there has been no official announcement yet, numerous news organizations are expecting Apple to announce version 2 of the iPhone sometime today. The new iPhone is rumored to drop in price from $399 to $199 (according to
USA Today), certainly a hot deal for someone who doesn't mind the high prices of AT&T's service, or can unlock it to work on another GSM network like T-Mobile. Along with a lower price tag, built-in GPS and a few new features, the new iPhone is expected to support faster bandwidth.
There is no official announcement when stores will put the new iPhone for sale, however Apple stores and the
AT&T Store pulled all old iPhones out of inventory, so it is probably likely they will begin selling the new iPhone very soon.