Eight people -- presumably hardcore Apple fans -- plunked down $999.99 to buy the "I Am Rich" application for the Apple iPhone from the company's new App Store. That's right. It is the ultimate status symbol.

With enhanced graphics, faster download speeds and easier access to fee-based games, Apple’s second-generation iPhone has the potential to revitalize the mobile gaming industry, experts say.

Apple boss Steve Jobs says worries that the new iPhone's low price will hurt revenue are misplaced. The pricing will "be great for everybody," he says.

Google wil release a smart phone of its own this year, taking a page from Apple's playbook. The device, called Android, will exploit Java programming to the extent that it will be able to tell you where you are.

Mobile phone makers such as Samsung and LG are trying to take a bite out of Apple's iPhone pie.

Second acts should not be taken for granted. Apple and Steve Jobs have yet to make that mistake. The company and its founder have been riding high in recent years, but they've both seen darker days.

New York Times Tech Columnist David Pogue applies himself in discovering the multitude of entertaining applications available when you're not talking on the phone.