$199 iPhone? Sure, with a 2-year contract

For the sake of time, I’ll just paste the release. Pricing for the iPhone 3G is based on a 2-year contract. Woohoo. Unlimited data plans for iPhone 3G customers will be $30/month while business users will have to pony up $45/month. Also, revenue sharing has ceased going forward between Apple and AT&T.
SAN ANTONIO, June 9, 2008 — AT&T Inc. (NYSE:T) today announced it will be the exclusive U.S. provider of the new iPhone 3G, details of which were outlined earlier today at Apple’s Worldwide Developers Conference in San Francisco.
Under the terms of a new agreement with Apple, AT&T remains the exclusive U.S. carrier of the new iPhone, which will be available beginning July 11 at a starting price of $199 with a two-year contract. iPhone 3G boasts several significant enhancements, including:
· 3G broadband wireless connectivity, which gives customers a home broadband-like speed experience when surfing the Internet, sharing files and using media-rich Web applications.
· Business-class capabilities, including e-mail, viewed on a large, touch-screen device and designed to meet the needs of companies of all sizes.
· The ability for developers, including AT&T, to create customized consumer and business applications using the Apple software developer’s kit (SDK).
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Source: TechCrunch
Original Article: http://feeds.feedburner.com/~r/Techcrunch/~3/308248126/