What does the letter i mean in apple devices?

Does this letter that is used in iPhone, iPod, iOS… Have any special meaning? ( my opinion is that it may predict the word INTELLIGENCE

Internet.

When the first iMac was released back in 1998, it was told that "i" stood for: internet, individual, instruct, inform, and inspire.

The "i" was attached to every product so you know it's from Apple. Instead of saying "Look! I got an Apple Phone!" you say "I got an iPhone!"