iPhone 4 Apple Press Conference

July 16: Apple's CEO Steve Jobs is promising a free case for every iPhone 4 and a refund for all those who bough a bumper for iPhones purchased through September 30. Apple held a press conference discussing malfunctions with its newest gadget the iPhone 4 in Cupertino Calif., on Friday.  (Engadget )

Apple CEO Steve Jobs talks about the Apple iPhone 4 at Apple headquarters in Cupertino, Calif., Friday, July 16, 2010. The company announced full refunds for those unhappy with their new cell phones.  (AP Photo/Paul Sakuma)

Apple CEO Steve Jobs holds up the iPhone 4 as he talks about the reception issues that have dogged the new device at Apple headquarters in Cupertino, Calif. (AP Photo/Paul Sakuma)

Just 0.55% of users have called Apple to report problems with the antenna in their iPhone, said Apple CEO Steve Jobs at Apple headquarters in Cupertino, Calif.. (AP Photo/Paul Sakuma)

Apple CEO Steve Jobs talks about the Apple iPhone 4 at Apple headquarters in Cupertino, Calif., Friday, July 16, 2010. (AP Photo/Paul Sakuma)

July 16: Steve Jobs gives details on the possible malfunctions iPhone 4 may have during Apple's press conference in Cupertino, Calif,.   (Engadget )

July 16: Reporters anxiously wait before Apple's Press Conference begins in Cupertino, Calif., at Apple headquarters.  (Engadget )

July 15: Models hold the iPhone 4 during a promotional event in Hong Kong on Thursday. A decision by Consumer Reports against endorsing the latest iPhone because of reception problems threatens to tarnish Apple Inc.'s reputation, yet fans who have braved poor reception for years are likely to keep buying the product.  (AP Photo/Kin Cheung)

July 15: A model holds the latest iPhone 4 with bluetooth device during a promotional event in Hong Kong on Thursday. A decision by Consumer Reports against endorsing the latest iPhone because of reception problems threatens to tarnish Apple Inc.'s reputation, yet fans who have braved poor reception for years are likely to keep buying the product.  (AP Photo/Kin Cheung)

July 15: A model holds the latest iPhone 4 with Bluetooth device during a promotional event in Hong Kong on Thursday. A decision by Consumer Reports against endorsing the latest iPhone because of reception problems threatens to tarnish Apple Inc.'s reputation, yet fans who have braved poor reception for years are likely to keep buying the product.  (AP Photo )

July 15: A model holds the latest iPhone 4 during a promotional event in Hong Kong on Thursday. A decision by Consumer Reports against endorsing the latest iPhone because of reception problems threatens to tarnish Apple Inc.'s reputation, yet fans who have braved poor reception for years are likely to keep buying the product. (AP Photo )

July 15: A model holds the latest iPhone 4 during a promotional event in Hong Kong on Thursday. A decision by Consumer Reports against endorsing the latest iPhone because of reception problems threatens to tarnish Apple Inc.'s reputation, yet fans who have braved poor reception for years are likely to keep buying the product. (AP Photo )

Calling it "beyond a doubt the most precise thing, and one of the most beautiful we've ever made," Jobs brought forth the new iPhone, which he said was 24 percent thinner than the previous 3GS model. (Apple)

The device, which looked like a polished version of the phone Gizmodo introduced the to the world in mid April, includes a front-facing camera and a slew of technology innovations. The iPhone 4 comes in two colors, white and black, and will cost $199 for a 16GB version, and $299 for a 32GB model. (Apple)

Apple CEO Steve Jobs uses the new iPhone during the Apple Worldwide Developers Conference, Monday, June 7, 2010, in San Francisco. (AP Photo/Paul Sakuma)

Apple CEO Steve Jobs uses the new iPhone during the Apple Worldwide Developers Conference, Monday, June 7, 2010, in San Francisco. (AP Photo/Paul Sakuma)

Apple CEO Steve Jobs introduces the new iPhone 4 at the Apple Worldwide Developers Conference, Monday, June 7, 2010, in San Francisco. (AP Photo/Paul Sakuma)

Apple CEO Steve Jobs, with the Apple iPad displayed over his shoulder, delivers the keynote address during the Apple Worldwide Developers Conference, Monday, June 7, 2010, in San Francisco. (AP Photo/Paul Sakuma)

Crowds build up as registration begins for Apple's Worldwide Developer Conference, where Steve Jobs is widely expected to unveil a new iPhone. (FoxNews)

The Moscone Center in California fills up as Apple developers, fans, and journalists pour in for the annual Worldwide Developer Conference (WWDC), where the company is widely expected to unveil a new iPhone.  (FoxNews.com)

Crowds build up as registration begins for Apple's Worldwide Developer Conference, where Steve Jobs is widely expected to unveil a new iPhone. (FoxNews.com)

Masses of journalists pack the floor at Apple's Worldwide Developer Conference, where the company is widely expected to unveil a new iPhone. (FoxNews)

The Moscone Center, in San Francisco, is the host site for the Apple Worldwide Developers Conference, Monday, June 7, 2010, where Apple CEO Steve Jobs is expected to give the keynote address. (AP Photo/Paul Sakuma)

This device cause a firestorm of activity -- and led to the late-night search of a Gizmodo employee's house. Is it an unauthorized, leaked version of a forthcoming iPhone? There is a front-facing video chat camera on the new iPhone, in addition to the standard camera on the back of the device. (www.gizmodo.com)

The exact resolution of this next-generation iPhone is undetermined, but it's much higher than the current iPhone 3GS. (www.gizmodo.com)

The device has a plastic back, but a stylish an aluminum border as well. (Gizmodo)

Power, mute, and volume buttons are all metallic on the latest Apple iPhone.  (www.gizmodo.com)

The back is entirely flat, made of either glass (more likely), ceramic, or shiny plastic in order for the cell signal to poke through. Tapping on the back makes a more hollow and higher pitched sound compared to tapping on the glass front, but that could be components inside. (www.gizmodo.com)

This newly uncovered iPhone is three grams heavier than the iPhone 3GS, the latest current model. (Gizmodo)