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COOL AND CHEAP: Apple sold the first iPhone for $599 but slashed the price later.

COOL AND CHEAP: Apple sold the first iPhone for $599 but slashed the price later.

The price is right: iPad to cost $499

Apple will sell its newly unveiled tablet-style iPad starting at $499. The iPad resembles an iPhone, but larger. Apple will sell some iPad models with data plans from AT&T, with no contract required.

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