Some 17-year-old New Jersey super-nerd cracked the iPhone and made it capable of working with other networks besides AT&T.
George Hotz posted the two-hour long hacking process on his blog. He is auctioning off the first cracked phone on Ebay. He was able to use the phone on T-Mobile, which is the only other US cell phone carrier that is compatible with the iPhone.
The phone also will be able to be used with oversees networks. This is a major deal because the iPhone is only sold in the US. Third-party companies will be able to buy iPhones, crack them, then sell them oversees. If only I could hack software and solder I could be rich.
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