I have yet to see one, but I have certainly heard a lot about this new product by Apple. Apple once again has succeeded in rolling out a sleek, modern, and intergrated product. Apple CEO has touted this product as "a magical product that is five years ahead of any other mobile phone."

Today, I participated in a phone call that discussed what this product means for the rest of the cell phone market. Will this product eliminate the competition? Since launching the Apple iPod has monopolized the market--it is what people use and want. Will the same happen with the iPhone?