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Getting suckered in $200 (or cheated) by Apple Inc. (AAPL) for buying a device thats for $599 when 68 days later the price was dropped to $399 (a 33% price drop).
June 29th, 2007
guywithiphone: "so i got the iphone today"
guywithiphone's friend: "oh nice!~"

Sept 5th, 2007
guywithiphone: "OMFG! WHY DID APPLE DROP THE PRICE BY $200?!?!"
guywithiphone's friend: "doode, you just got iPhownd
iPhownd by George Pikmin December 9, 2008
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iphowned 

The nasty habit of your iPhone turning perfectly good words like hell and ill into he'll and i'll without your consent.
text message to friend: Dude, I feel like he'll today. I am way to i'll to go out.
reply: wtf? iphowned?
iphowned by wigwam salesman October 18, 2009
Related Words

iphowner 

It's simple aye. Someone who owns an iPhone.
Guy: My LG Viewty is soo much better than my Samsung

Dude: STFU. If any iPhowner heard that crap you'd be so owned..
iphowner by spypsy January 13, 2009

iPhowned 

verb, iphown, iphowned, iphowning

1. Refers to the incident that occurs when the auto correct feature on an iPhone, or any other smart phone, changes an ordinary word or words, to an offensive or embarrassing word or phrase.

Although this can happen on any type of cell phone or smart phone, it has been most publicized on the iPhone, hence the reference to the iPhone in the pronunciation.
"Yesterday I totally got iPhowned when my phone auto corrected Anne's name to "anus." I got like forty-five minutes less sex because I had to explain how that happened."
iPhowned by Badharlot December 30, 2011

iPhowner 

An owner of an iPhone.

These induviduals are far superior to everyone not owning an iPhone. The iPhowner's will do anything to insure the safety of their iPhone and could care less about others well being.
I'm going to an iPhone party, there's a strict iPhowner only policy.
iPhowner by RD31 February 18, 2010

iPhowner 

Someone who is constantly takes (or iPhowns) other peoples' iPhones, so much so that it would appear that they own their own.
Dude she's such an iPhowner - always taking mine to play tap-tap and go on facebook!
iPhowner by ScolloP November 16, 2009

iPhowned 

To have your iPhone taxed by someone, usually on a regular basis, in order to play tap-tap, access facebook or another of the iPhone's various 'apps'.
Man, I totally just iPhowned you but what's your PIN-Code, I wanna play tap-tap!
iPhowned by ScolloP November 16, 2009