Price with a two-year contract: $199 with 16 GB, $299 with 32 GB, and $399 with 64 GB. The iPhone 3GS is still out there -- and offered for free with a contract.

A powerful little phone, but many people said they were disappointed that they weren't wowed. Apple stock dropped as it became clear the company wasn't announcing an iPhone 5 -- never mind that the 4S had many of the rumored features.

\"It may not be very visually exciting,\" said analyst Ross Rubin of the NPD Group, \"but the debut on Sprint and the 3GS at a free price point will do a lot to increase Apple's market share.\"

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