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Forbes: Will Google crush the iPhone?

Despite Google's close Apple ties, it looks more and more as if Google will announce its own mobile phone project as early as next week, according to Forbes. Google, which acquired mobile phone technology when it bought out Android in 2005, looks poised to create a smart, high-end handset to compete directly with iPhone.

It's the iPhone's next-generation interactive technology and full quality data display (in Safari and mobile Mail) that really sets the device apart from the crowd. Will Google create a device competing head-to-head or will they continue their relationship with iPhone and focus on creating a separate ad-based information-rich platform?