Apple CEO Steve Jobs unveiled the iPhone 3G on Monday. This new version of the iPhone is cheaper, thinner, sleeker, and faster than its earlier counterpark.

What’s New?

• 3G. The iPhone 3G will support the faster 3G (third-generation) broadband wireless networks.

• Maps with GPS. The iPhone comes with built-in GPS to navigate when driving. Just find your address, get directions, and track progress along your route.
• iPhone in Enterprise. Get push email, calendar, and contacts with Microsoft Exchange ActiveSync.
• Better Battery. Another upgrade over the older version, the iPhone 3G comes with a better battery life. This upgraded battery comes with a talk time of five hours, stand-by time of 300 hours, six hours of high-speed browsing time, 20 hours of audio and seven hours of video.
• Two Colors. The iPhone 3G comes in two colors - black and white. The white is only available on the premium edition.

Best of all is the new price point. After Apple discovered that 56% of people surveyed wouldn’t buy the earlier iPhone because they found it expensive, the company opted to lower prices on the new 3G model. The 8G-byte model will sell for $199 and the 16G-byte model for $299.

The iPhone 3G is set to hit stores on July 11, 2008.