An iPhone™ app, or application, is what Apple® calls third-party software programs developed specifically for the iPhone™ and the iPod Touch®. The applications available can be downloaded directly by the cell phone, or downloaded to a computer and transferred to the phone. Apple® has an iPhone™ app store for those who want to add new features to their phone. The cost varies, but is generally less than $2 US Dollars (USD) per app (according to wisegeek.com).
As you can see, the word APP is now more commonly used to refer to an application for mobile devices and more.
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