It is housed in a 44mm-diamater stainless steel case.

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Essentially, this is a Blackberry 9900 in a Porsche Design outfit, with a stainless steel body and a leather case.

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Far along in the development process, Steve Jobs famously ordered Ive's designers to change the look of the iPhone, scrapping its aluminum case for a stainless steel bezel that made the touchscreen display more prominent, according to Walter Isaacson's recent biography of the mercurial Apple CEO.

CNN: Apple design chief: We nearly scrapped iPhone