Apple has unveiled the iPhone. More info from Apple here. Here’s how the iPhone stacks up against other smartphones. The price will be $499-599, which, yes, is steep — but perhaps not so bad when you consider it’s not only a phone, bus also a 2 MP camera, an MP3 player, a Web browsing device, and, as Richard Wanderman observes, essentially a computer.

I'm Newley Purnell, an American journalist in Bangkok. I report for Bloomberg BNA, ABC News Radio, The Chronicle of Higher Education, and more.