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After selling a record 7.4 million iPhones last quarter, Apple is setting up to meet high demand during the holiday season. Inventories have been low in many countries as the iPhone 3GS has been flying off the shelves.

Apple will also be selling the iPhone on several new carriers in the coming months which could further reduce supplies. Carriers that will carry the iPhone as early as next month include Orange and Vodafone in the UK, Telus and Bell in Canada, and China Unicom.

Now Nokia is taking Apple to court for patent infringement. Ten different patents, to be precise. Nokia claims Apple has neglected to license Nokia's technology including the GSM and UMTS communications standards the iPhone uses.

Nokia along with other companies such as Samsung and Ericsson have invested billions in the development of the two standards. Nokia alone claims to have invested $60 billion in the technology and has licensed the patents to 40 different wireless device manufacturers.

Apple's incredible success in moving iPhones could be due to one statistic. According to pollster ChangeWave, a whopping 99% of iPhone users call themselves "satisfied" or "very satisfied" with their device. In fact, those reporting "very satisfied" made up 74% of respondents.

This blows away RIM, with only 43% of users reporting they are "very satisfied" with their BlackBerry. Apple has jumped from holding 17% of smartphone market share one year ago to 30% today. The iPhone is hot on RIM's heels, as the BlackBerry has 40% of the smartphone market.

The latest version of the blackra1n jailbreak has hit the streets. RC2 will even jailbreak brand new iPhone 3GS models running 3.1.2 from the factory with a "tethered jailbreak."

This means when restarting your jailbroken iPhone the device must remain connected to your computer to properly boot. Apple thwarted the “24kpwn” exploit used by Geohot and iPhone Dev-Team in the latest firmware release on new iPhone 3GS models, making the tethered jailbreak method necessary.

With all of the anti-iPhone advertising coming out of Verizon lately you'd think the company had no interest at all in dealing with Apple. Apparently this is not the case, considering the words of Verizon CEO Ivan Seidenberg during a third quarter earnings conference call.

Seidenberg explained that the decision to launch an iPhone on Verizon's network is "exclusively in Apple's court. Obviously we would be interested if they thought it would make sense for them to have us as a partner."