iPhone Release, June 29th 2007 (US)

Steve Jobs announced that the iPhone will first be available June 29th 2007 in the U.S., during the fourth quarter 2007 in Europe, and in 2008 for Asia. The iPhone may be purchased (US $499 for a 4 GB model and for $599 an 8 GB model) only with a two-year service plan with Cingular Wireless, which will will remain the exclusive carrier of the iPhone in the United States until 2009. Find out more by visiting apple.com

Apple also announced that its goal is to capture 1% of the global mobile phone market, which would be approximately 10 million units being sold in the first full calendar year of iPhone availability. For comparison, Jobs announced that the Apple iPod commands 62% of the U.S. market share for MP3 players. There will of course be several addons and peripheral devices for iPhone.