History of iPhone
On January 9, 2007, Steve Jobs announced iPhone at the Macworld convention, receiving substantial media attention. Jobs announced that the first iPhone would be released later that year. On June 29, 2007, the first iPhone was released.
IPhone (1st generation)
The iPod Touch, a touchscreen device with the media and internet abilities and interface of the iPhone but without the ability to connect to a cellular network for phone functions or internet access, was released on September 5, 2007. At the same time, Apple significantly dropped the price of the 8 GB model (from $599 to $399, still requiring a 2-year contract with AT&T) while discontinuing the 4 GB model. Apple sold the one millionth iPhone five days later, or 74 days after the release. After receiving "hundreds of emails...upset" about the price drop, Apple gave store credit to early adopters.