MacRumors.com

Morgan Stanley analyst Rebecca F Runkle has "high conviction" that the iPhone will launch in the first half of 2007. In addition to this, she cites unnamed sources to provide some specs for the unreleased Apple phone:

- $599 for 4GB
- $649 for 8GB
- Wider than the iPod nano
- Thinner than the iPod Video
- Made of Metal
- Multiple colors, but at least including black, white, and silver
- Cingular Wireless is likely carrier in the U.S.
- Update: Clarification: Runkle actually claimed: "full screen LCD; 3.5 inch (28x21)" and approximately 4/10ths of an inch thick. Also incorporates a Virtual Click wheel.

The proposed prices of the iPhone are much higher than the only previous rumor which pointed to $249 and $449 4GB and 8GB models. No details whether these simply represent retail prices that may drop considerably with a service plan commitment.

Historically we have little record of Rebecca F Runkle's previous accuracy. Previous descriptions of the Apple Phone have described it as a candy bar form factor (artist rendition).