What are the pros and cons of having an iPhone?

I just want to know.

Pros: N/A
Cons: Owning one to begin with.

Pros:
nice looking phone built by a good company
great app store with lots of games and other useful apps

Cons

3G data speeds instead of 4G
expensive to fix if it breaks

Con - it is not highly customizable.

Pros - it does what you want for no more than you wish to pay;

Cons - it costs more than you'd like when you could get by with a basic phone.