pple's iPhone officially launched in India

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Apple's iPhone officially launched in India ... for a whooping 830$ for 16GB and 720$ for 8GB...Well i am not buying this stuff because its way to costly compared to USA.that is 199$ for 8GB but I have a question ... is it just the HYPE or iPhone is really hot piece of gadget one should own ....and whats the alternative for iPhone .. you recommend thanks all in advance.....