Cheaper and Faster iPhone unveiled

Apple’s chief executive Steve Jobs celebrated the first birthday of iPhone by unveiling a cheaper and also faster version of iPhone. Apple seems to have understood that the main hurdle in promoting their iPhone is their rate. So, it unveiled a much cheaper 8 GB iPhone. The iPhone will be available at a rate of $199 instead of the previous price tag of $399. The new iPhone will be available in the market from 11^th of July.