iphone

Apple Inc. cut the price of its best-selling iPhone in half Monday - to $199 - making the all-in-one smart phone, media player and Internet device more accessible than before.

Apple also said it had increased the speed for the iPhone so that it runs on the latest 3G technology, shortening the time it takes to download a Web page and access the Internet. And for the first time, it will also incorporate GPS technology so that users can track where they are as they're traveling. [SF Gate]