iPhone with 3G wireless network

Steven P. Jobs, chief executive of Apple, introduced a new cheaper iPhone model in SAN FRANCISCO that navigates the Internet more quickly, expanded its distribution overseas and display a range of new applications and services in order to establish Apple as a major player in the cellphone industry.As widely anticipated, the phone will run on so-called 3G wireless networks that allow much faster Internet connections than the original iPhone.The phone, sleeker than the original, will also have built-in Global Positioning System capability to allow location-based services. It will also have a longer battery life in some cases, five hours for talking on the 3G network and 24 hours for playing music on the phone.Mr. Jobs also indirectly challenged Microsoft with a mobile Web service call MobileMe, intended to permit a user to synchronize a phone, calendar and contact information on the iPhone and multiple devices including PCs and other iPhones. The service, which will costs $99 a year and comes with 20 gigabytes of data storage, is similar to a service offered by Microsoft. The most interesting fact is that the starting prize is fixed as "one hundred" Euro which is a bonaza for gadget freaks.