What does the "i" in iPhone stand for?

The "i" in iPhone refers to a number of concepts, from Internet to inspire, instruct, individual and inform, according to the late Steve Jobs, Apple co-founder and former CEO. LiveScience.com reports that the first Apple product to use the letter was the iMac.

The Kansas City Business Journal reports that Ken Segall, who thought of the name "iMac," said the letter was intended to evoke the meanings of the above words and more, as well as the philosophy of simplicity that Apple was known for embracing. The company later applied the letter to a number of other products, including the iPod, the iCal program and iTunes.