Alphabet Inc (GOOG)

[SeriousMoney]

Jobs is spreading it around...

The phone supports Wi-Fi and Bluetooth wireless technology and can detect its location from Global Positioning System satellites. It has Apple's Safari browser for Internet surfing. Apple is partnering with Yahoo Inc. on Web-based e-mail and Google Inc. on maps.

The product gives Apple access to the huge cellphone market, with nearly a billion handsets shipped every year. That dwarfs the nearly 70 million iPods Apple has sold over the past five years.

Apple will likely have to pay Cisco Systems Inc. for the right use "iPhone" as the name for its new cellphone. Cisco, which owns the rights to the name and unveiled a line of Internet-based phone devices using the brand last month, said it has been in talks with Apple about the trademark and expects to sign an agreement later today.

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