As published in a Bloomberg report, Stephenson’s comments were made at a meeting at the Churchill Club in Santa Clara, California, where he declared “you’ll have it next year.” He does not know how much the phone will cost, indicating that Steve Jobs will be in charge of defining the price for the new iPhone.
A 3G network corresponds to third-generation mobile phone technology and standards. One of the main advantages of 3G networks over 2G is a higher speed in data transmission.
One of the problems with 3G chips is that they are “energy guzzlers”, as Steve Jobs commented during the presentation of the iPhone in the UK. Jobs indicated that he expected to see better battery consumption by the end of next year.
Apple has set a goal of selling 10 million iPhones by the end of 2008. The company sold its first million iPhones on September 10, 2007, 74 days after its introduction.