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Steve Jobs unveils new iPhone

FROM VARIETY: Latest generation less expensive, supports 3G

By Scott Kirsner of Variety -- Video Business, 6/10/2008

JUNE 10 | FROM VARIETY: SAN FRANCISCO -- Steve Jobs may be the only chief executive in America who can announce a price cut and a passel of new features and have the entire media world, from the New York Times to tiny tech blogs, hanging on his every word.

Jobs addressed Apple's annual conference for software developers in San Francisco on Monday morning, unveiling the second generation of the company's iPhone.

It's thinner and less expensive than the original (the entry-level model is just $199), and it supports high-speed 3G wireless connections. But AT&T is still the only mobile carrier to support the phone in the U.S. (Starting next month, Apple will roll out the phone in 70 foreign countries with a number of other carriers.)

Read the full story on Variety.com.

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