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Why I Won’t Be Buying the New iPhone

Filed under: Spending

The wait is (almost) over.

The highly-anticipated iPhone 3G will hit store shelves on July 11. The phone will now cost half as much as the original iPhone (the eight gigabyte version now costs $199, down from $399), and its new 3G technology will allow users to surf the web at much higher speeds.

I can already envision the lines that are likely to snake around the Apple store once the phone becomes available.

I won’t be in line.

Why? True, you can now get your hands on this fancy gadget for a more reasonable price. But, as a few publications have pointed out, AT&T (the exclusive carrier for the phone) has actually hiked the price of their plan by $10 a month. Read More »

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