Newscradle.com

With the competition heating up in the smart-phone sector, Apple, the maker of iPhone, the market leader, is trying to keep its contenders at bay by offering frequent upgrades of its upstart product. So, just a year after the latest version, Apple is at it again with its new offering of the iPhone called iPhone 3G S.

According to a review in the Wall Street Journal, "it looks the same, but offers more speed, more memory, more battery life and a few new features, including video recording and a better camera for still photos."
The new phone comes with a new operating system called OS 3.0, the third version of the iPhone's operating system, and is standard on the 3G S.It can also can be downloaded free on all prior iPhones and Touches models.

Still according to the Wall Street Journal, the new phone " includes a much longer list of added features, some innovative and some long overdue catch-ups to other phones. These include such widely requested capabilities as cut, copy and paste; system wide searching; a wider virtual keyboard; and a feature called MMS that allows users to send photos and videos directly to other phones without using email."
To maintain its market share if not increase it, Apple made the decision to sell the new phone at last year model's price -$199- , and cut that model's price by half. The new phone is slated to go on sale June 19 starting at $199 for a version with 16 gigabytes of memory, and $299 for 32 gigabytes.

A two year contract with AT&T is still required and current iPhone 3G owners eligible for upgrade can do so at the current new price up until September 30.

For more, see WSJ.com