An industry expert pointed out the other day that although the new 3G iPhone released by Apple is sold at only 199 US dollars, its material cost is approximately only 100 US dollars. On Monday, Steve Jobs, CEO of Apple, released the long-anticipated 3G version iPhone in the "Worldwide Developers Conference". Apart from a great improvement in functions, its price was also cut by 50%, and the price for the 8GB version of iPhone is only 199 US dollars.