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Apple unveils long-awaited iPhone

Apple Computer has unveiled a new mobile phone that can also be used as a digital music player and a camera.

Apple chief executive Steve Jobs said the iPhone will be like having your life in your pocket.

The device will be less than half-an-inch thick - boasting a phone, Internet capability and an  MP3 player as well as featuring a two megapixel digital camera, Jobs  said.

Apple's shares rose 5% to $89.67 after the company's announcement.