iPhone Standard Development Kit (SDK)
The iPhone is known for it's variety of applications and the ease of getting to those applications. From safari to youtube, you can get to whatever you need easily with this stellar device. So that's where the developer comes in. Apple has created some great apps for the iPhone, and they are either bundled with it or easily downloadable, but the application system wouldn't be anything special without users having the power to develop their own apps. This is where the iPhone SDK comes in. SDK stands for software development kit, and that's exactly what it's for, software development. A lot of major companies and developers have stepped up to create great applications for the iPhone, however, users are also doing some awesome things, from games, to radio, to a whole host of other things, the applications are endless.
If you are interested in creating some apps of your own, then you'll need to start with an Apple developers account. This account will give you access to a wide variety of resources. For starters, there is the SDK it's self, you will need to download this to develop applications. From there, you can find video resources, which will teach you all kind of things about software development in video form. There are also written guides to be had, which will give you a gold mine of info. Finally, there are forums and discussion boards for developers as well. When developing new applications for anything, it is a good idea to make sure someone else hasn't already covered it, or if they have, make sure you can do it better!
There is a market out there for all kinds of apps, so your creation will most likely be liked by someone, as long it is of good quality! Regardless, developing applications might be a really fun hobby for you, just don't expect to get rich doing it, as many customers won't want to pay for user generated content. The Apple iPhone SDK is a great thing for big time developers and users alike, and time will tell if it really is used to it's greatest potential.