At the Apple live event, Tim Cook announced that the iPhone 4S will still be available and the price will drop to $99. Apple is perpetuating the same strategy by keeping the previous generation iPhone in its lineup to attract customers concerned by the price. The iPhone 4 will stay in the lineup as well and Apple will give it away if you sign a two-year contract in the U.S. A similar offering should show up around the world at the launch of the iPhone 5