Surprise! Apple Unveils 3G iPhone!

It should come as a surprise to absolutely nobody that during his keynote at Apple’s Worldwide Developer Conference today, Apple CEO Steve Jobs announced that the company is coming out with a new iPhone model that runs on 3G networks.

In addition to faster Web surfing and downloads because it works over faster networks, key details of the next iPhone are:

– A much lower price. The 8GB model will sell for $199 and the 16GB will retail for $299.

– Built-in GPS functions for location-based services.

– A longer battery life and sleeker design.

The new iPhone will go on sale July 11 and will cost the same in all countries, according to the AP report of Jobs’ speech.

For minute-by-minute coverage of the keynote, check out these live blog posts from Silicon Alley Insider and the New York Times.