The iPhone will be available in June; overseas in 2008.
Explaining the $499 threshold price, Jobs notes that the Nano costs $199 and a smartphone today typically sells for $299. Combining the two gets you just under $499. "Your life in your pocket," says Jobs. Jobs says he's aiming for a one percent share of the cell phone market by 2008, or roughly 10 million units sold. In 2006, 1 billion cell phones were sold.
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