A 17-year-old teenager named George Hotz has hacked the iPhone and posted the instructions on his blog at iphonejtag.blogspot.com. Holtz told the Associated Press that he would be concerned if hacked iPhones were sold.
Since the details are public, it seems likely that a small industry may spring up to buy U.S. iPhones, unlock them and send them overseas.
"That's exactly, like, what I don't want," Hotz said. "I don't want people making money off this."
He said he wished he could make the instructions simpler, so users could modify the phones themselves.
"But that's the simplest I could make them," Hotz said.
The modification leaves the iPhone's many functions, including a built-in camera and the ability to access Wi-Fi networks, intact.
Hotz also posted a video on YouTube under the username geohot. You can watch a video of Hotz's appearance on CNBC here.
