According to Builder AU the password was found in an official Apple iPhone restore image function. The archive contains two .dmg disk images: a password encrypted system image and an unencrypted user image.
If you snuffle around the unencrypted image you can find that all iPhones ship with predefined passwords to the accounts 'mobile' and 'root'. Root will allow you access to the privileged administration account on UNIX based systems.
Despite the fact that Apple claims its OSX is more secure than anything else on the market, both passwords were easy to find and just simple six letter words of lower case letters.
It is a moot point if the passwords will do you any good. Some Apple fanboys insist that they were a trick put into the phone by the great and holy developers at Apple to trick the infidel hackers. For Jobs said that the Iphone was good and it shall be good.
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