Apple's iPhone hits the US

The launch of Apple's new iPhone in New York has sent gadget lovers into a flurry.

Hundreds of people camped outside Apple stores to be among the first to buy the sleek phone which also acts as an iPod and a wireless web browser.

More than 400 of the touch screen phones have already been put up for sale on popular auction website eBay.

Apple CEO Steve Jobs has touted the device as "revolutionary," and the company is hoping to sell 10 million units across the world by 2008.

The firm is also expecting that the new venture will become its third core business alongside its popular iPod music players and Macintosh computers.

UK fans will not be treated to the latest Apple installment for the moment as it is not expected to hit the European market until later in the year.