That was a merely an amusing-in-hindsight observation, I even telegraphed it with the introduction of "just for fun".

Maybe the tipsters were right and there was a skunkworks project working on the iPhone even then (Jobs says the iPhone grew out of iPad work that must have been going on for years before we saw the iPhone, never mind the iPad) or alternatively maybe Apple picked up the name for their product from the rumours. Either way I find it interesting, and it underscores the old adage that making predictions is a mug's game.