AT&T released the pricing scheme for the release of the latest versions of Apple's popular iPhone. While many current iPhone customers will qualify for an upgrade to the newer models, the rest of us will have to spend between $199 and $699 (depending on the contract) for the new phones, which range from 8GB to 16GB. 

"We can't wait to offer iPhone 3G to our customers, and we want to make sure the buying process is as easy as possible," said Ralph de la Vega, president and CEO of AT&T's wireless unit. "Considering all the great new features of iPhone 3G, we think our pricing and monthly plans present a tremendous value for consumers and businesses alike."

Current AT&T customers who are upgrading to iPhone 3G will pay an $18 upgrade fee and new AT&T customers will pay the standard $36 activation fee.