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The iPhone debuted in 2007 as Apple’s answer to the new emerging category of “Smartphone“. Steve Jobs announced the new phone and all it’s capabilities, which pretty much changed the phone market. The first version of iPhone ran on AT&T and used the Edge network for internet access. Since then, Apple has come out with a 3G model and expanded to Verizon network. The iPhone 3GS and iPhone 4 have been released. iPhone 5 is expected in Q3 of 2011.

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