According to the reports, oficer Steve Jobs Monday introduced the iPhone 4, the newest iteration of the Cupertino, Calif., company's multimedia smartphone.

Macworld has reported that jobs unveiled the product at the company's Worldwide Developers Conference in San Jose, Calif., describing it as "beyond a doubt, the most precise thing and one of the most beautiful things we've ever made.

According to Macworld, the company said that the iPhone 4 features new camera configurations and volume control buttons, as well as a mute button and a second microphone for noise cancellation. It also features a micro-SIM tray, like the iPad has.

The report also said that according to Apple, the visual display is more precise, owing to a new screen technology. The new item's display is 3.5 inches diagonally, the same as the previous model, but it has four times as many pixels.

Macworld further reported that it is free of arsenic and mercury and is made from recyclable materials.

The price for the iPhone 4 would start at $199, the company notified. (With Inputs from Agencies)