Apple Rolls Out New iPhone and Cheaper $99 Model

Apple Rolls Out New iPhone and Cheaper $99 Model

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iphone_home.gif Apple Inc. slashed the entry price for an iPhone in half ($99 for 8 gigabytes) and lowered some laptops by $300 Monday, the company’s first dramatic price cuts since the recession began a year and a half ago.

According to Apple, the number of Mac computer users has tripled in the last two years, to 75 million.

The company also unveiled its $299 32 gigabyte model, twice as fast with a longer battery life, with new features like built-in compass, video camera and satellite phone locator.

Watch the video below, or read more in the Boston Herald…

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