Steven P.Jobs, Chief Executive of Apple, introduced a new, cheaper iPhone model that connects to Internet faster, expanded its distribution overseas & displayed a range of new applications and services in order to establish Apple as a major playerbin Cellphone industry. The phone, sleeker than the original, wil also have built-in Global Positioning System capability to allow location based services and wil also run on 3G wireless networks that allow much faster Internet connections. It wil also have a longer battery life in some cases. Apple announced that it would begin selling the iPhone in 70 countries this summer, the current phone is being sold in 6 countries.
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