Engadget caught wind of the news that iPhone.com was snapped up by Apple for "at least 7 figures". TheFeed hopes they mean decimal places and not gi-Joe action figures. There were something like 4000 iPhone domains sold this year alone, but now Apple officially owns the one they really care about:
http://www.apple.com/iphone , er, wait... iphone.com.
TheFeed checked, it already works.
The squatter who sold it to them really can't be called a squatter. After all, he bought the domain 12 years ago hoping to launch an internet based phone company. Either that or he is the great great great great great grandson of Nostradamus.