CNN is reporting that Apple announced on Monday a much faster iPhone that’s half the price of the current model. Problem is - there is STILL no pink or nice girly color model on the cards. While there is a white iPhone version available, it isn’t enough Steve Jobs!

The news is expected to address one of the biggest complaints about the hugely popular iPhone: That its Internet browsing is too slow. CEO Steve Jobs said the new iPhone, which is based on 3G technology, is 36% faster than top rival Nokia’s N95 smartphone.
As Fortune.com first reported, the new 8-gigabyte iPhone will cost $199 and a 16-gigabyte version will cost $299. Jobs says the new iPhone will be available worldwide starting July 11. It will allow up to six hours of Web browsing and five hours of talk time.

Jobs announced the 3G iPhone, which had been rumored for months, at the company’s annual World Wide Developers conference in San Francisco.

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