Apple Cuts Price of iPhone and Announces iPod Touch

For those who have been waiting for the price of the iPhone to drop, wait no longer. Apple just announced they will drop the price of the 8G iPhone by $200, bringing down its sticker price to $399. From the website now only selling the 8G version, it looks like the 4G version has reached End-of-Life.

Apple also announced the availability of the iPod Touch later this month. The iPod Touch will be the first touch screen iPod. It will resemble the iPhone with a 3.5 inch touch screen, but it will be thinner (only 8 mm). It will also have Wi-Fi to enable song downloads directly to the device and web browsing via the Safari browser. It will come in an 8G and 16G version priced at $299 and $399, respectively.