This is some very exciting news -- some long-awaited and much anticipated news. Not only is the phone 3G-equipped, allowing users to surf the web at much quicker speeds than the ealier iPhone did, but the handset only costs $199. Considering the original iPhone launched at $600, this is a serious price cut. You can buy your new phone as early as July 11th -- as long as you're in one of the 20 countries where it will be on sale. Read the full WSJ article.
(Looks like Yahoo's prediction was pretty spot-on, except for the price tag, which is a very pleasant surprise.)
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