It’s here.

I’m sure that just like me you’ve been waiting for Apple to lift the lid on the latest version  of the iPhone. Well, your days of waiting are over. Steve Jobs made the announcement on Monday morning in San Francisco.

The handset will simply be known as ‘iPhone 3G’ - nice and easy, eh? But there’s more. The handset will feature a new look and lower price tag.

The 3G connection should be about 2.8 times faster than the Edge wireless connection found on the original iPhone. In addition, Apple has suggested that the iPhone 3G will run faster than other 3G handsets, stating that it outperforms competitors such as the Nokia N95 and Treo 750 by around 36 per cent.

Do you want more? In that case you’ll be pleased to that the iPhone 3G supports GPS hardware.

Other features include:

• curved all-plastic backing
• flush headphone jack (beats the old recessed jack which limited accessory options)
• colours come in white and black.
• claims of 10 hours talk time on 2G and six hours of web browsing

Apple will be paving the way for the iPhone 3G launch with a series of price drops -  16GB iPhone 3G to down to $299 and the 8MB iPhone dropping to $199. We’ll let you know the UK prices when we get them.

The iPhone will be released initially the new iPhone will be released in 12 countries, including UK, Hong Kong and India on 11th July. Apple plans to extend the iPhone’s reach to some 70 countries.

There’ll be a full review once we get our hands on the iPhone 3G

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