Smart phone news

Apple' s iPhone is a success. It outsold all smart phones in the US in July, and accounted for 1.8% of all mobile-handset unit sales to U.S. customers during the month. Partly due to this success, and partly under threat of recent Nokia announcement, Apple surprisingly cut the price of its iPhone slashing the price of the 8Go model to $399 from $599. iSuppli' s forecasts 4.5m iPhones shipped in 2007, rising to more than 30m units in 2011. Simultaneously Palm announced it is canceling its not yet released smartphone, a laptop-like device called Foleo.