Apple has completed the purchase of the iPhone.com domain name from Michael Kovatch for more than $1 million, according to a DomainTools report. iPhone.com now redirects to Apple’s iPhone page at http://www.apple.com/iphone/ . Kovatch, who owns several other high-profile domains such as Wine.net and Golf.net, bought the iPhone.com domain in 1995 in hopes to capitalize on internet telephony, even though the technology to support it did not exist at that time. Exact terms of the sale have not been revealed, but if Apple indeed paid more than $1 million for the domain, it would make the domain name sale one of the richest in history.
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