January 9, 2007, Steve Jobs, the late founder and CEO of Apple Inc., unveiled the iPhone (Multi-Functional Hand-Held Device US 2006/0197753) at the Macworld convention in San Francisco. Jobs said this phone would be a “revolutionary and magical product that is literally five years ahead of any other mobile phone.”
The patent application was filed on March 3, 2006, and was published September 7, 2006. The phone was released on June 29, 2007, and drew huge crowds; some camped out for days before the release while others waited in line for hours, all vying to be one of the first to get the phone. Less than a year after Jobs announced this new technology 14.1 million iPhones had been sold. Time magazine named it their “invention of the year.”
The release of the iPhone played a pivotal role in turning Apple Inc. into one of the most valuable corporations in the world.
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