Hot off the press from Cupertino, Apple has officially announced that, "In the US the new iPhone 3G is priced at a stunning $199 for the 8GB model, and just $299 for the 16GB model.** iPhone 3G will be available in more than 70 countries later this year, beginning with customer availability in 22 countries—Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, UK and the US—on July 11."

Staggered launches are expected to follow until Apple covers its intended target of 70 countries worldwide.

And although there has not been any official date set, in Singapore, Singtel, has put up a teaser page on its web site inviting early reservations of the iPhone 3G which is anticipated to reach the island by the end of this year.