The iPhone is the most anticipated and awaited mobile phone in recent days and Apple is working towards attracting more corporate consumers by coming up with an iPhone that will work faster on 3G networks. However, RIM is slowly working on a response to the iPhone. Last week, they announced plans to have an updated Blackberry phone called the Bold, which will run on 3G networks and can synchronize better with Apple’s iTunes. The Bold is one of many smart phones to join the growing market this year. Wireless industry analyst Gus Papageorgiou says that the iPhone’s biggest advantage is the form factor, but this is slowly eroding as companies deliver devices with edgier designs.