Faster iPhone Coming in '08

A faster iPhone is on the way, Bloomberg reports. Apple will unveil its 3G version sometime next year, said AT&T CEO Randall Stephenson Wednesday at a meeting of the Churchill Club, a Silicon Valley business and technology forum. AT&T is the exclusive carrier for the iPhone in the US. It's unknown exactly when the new version will be available or how much it will cost, and an Apple spokeswoman declined comment.

At a news conference in September, Apple CEO Steve Jobs said the iPhone's battery life would be too short to support faster networks and that 3G chips are "real power hogs," adding, "We've got to see the battery lives for 3G get ... up into the five-plus-hour range. Hopefully, we'll see that late next year." (More Steve Jobs stories.)