Apple gears up to change the mobile arena with its iPhone launch last June 29 in the United States. Its features and design promise to edge out phones that are in the market today. However, days after its launch, Errata Security CEO Robert Graham reports that the iPhone contains one of the vulnerabilities found in the beta version of Apple’s Safari 3 browser, which is also included as a bundled application in iPhone.

The said vulnerability, when successfully exploited, may allow a remote user to take control of Safari 3 to execute code of choice.

Other researchers also found two passwords used for application root and mobile access. The said passwords were found by using a password cracking program.

The Safari 3 and iPhone vulnerability events seem to tell the computing world that Apple may become the next Microsoft – a prime target for exploits and bugs. This may be due to the popularity brought about by Apple’s releases, particularly the iPod. Researchers are predicting more bugs once they all have their hands on the expensive iPhone.

There is still no word if the said vulnerabilities have been patched.

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