New 8GB Apple iPhone

Apple has announced it will be cutting the price of the top iPhone model by $200, discontinuing the lower-end model and unveiling a new version of its popular iPod media player with wireless Internet capability and other features. The new 8-gigabyte iPhone will sell for $399 while the old 4-gigabyte iPhone model, which sold for $399, will be discontinued. Looks like Steve Jobs, the Apple CEO wants the iPhone in a lot of stockings this coming holiday season like Christmas.