Consumers will finally get the chance to own an iPhone, a mobile phone that plays iTunes and surfs the Web, electronics maker Apple said Tuesday. The device will retail for between $499 and $599.

Company chairman Steve Jobs, speaking at the company's annual Macworld expo, called the iPhone, which will be available in June, a "revolutionary mobile phone" that will feature an iPod, phone and what he called an "Internet communicator."

The phone is rectangular, and the entire front surface is a touch screen. All of its functions are activated by touch, but when you bring your iPhone to your face, a proximity sensor will turn off the touchscreen so you don't accidentally face dial.

The phone, which runs the Mac OS X, will be able to download and play both music and movies. It will come in two models -- a $499 version with 4 gigabytes of memory and a $599 one with 8 gigabytes.

"This is a day I've been looking forward to for two-and-a-half years," Jobs told the crowd at San Francisco's Moscone Center.