The iPhone wasn't the first cell phone and wasn't the first smartphone either. One could assume that it would cost at least as much as a brand new Blackberry or

The iPhone wasn't the first cell phone and wasn't the first smartphone either. One could assume that it would cost at least as much as a brand new Blackberry or Windows Mobile phone since not only was it Apple but it has features that no one else had at the time. Of course it still had to be affordable if Apple wanted it to sell well so people had some idea of what wouldn't be reasonable for what a smartphone should cost.