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What does ‘i’ stands for in an iPhone and other Apple products ?

Apple Inc was founded on 1st April 1976, by  Steve Jobs, Steve Wozniak and Ronald Wayne in Cupertino,
California. We’ve been seeing it for years , the iMac, iPod, iTunes, iPhone, iPad, but, have you ever stopped and wondered, Why did Apple start naming everything with an “i”?
Is the “i” prefix just some random naming convention by Apple or does it have some significance and story behind it? If you believe the letter stands for “internet”, you would be correct, but that’s not the only thing the letter refers, it actually stands for a lot of other things.
The naming pattern began in May 1998, when Steve Jobs first released the iMac and explaining the link between “i” and “Mac.”
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Steve Jobs said “iMac comes from the marriage of the excitement of the Internet with the simplicity of Macintosh”. He continued to explain with a slide that ‘i’ also stands for the internet, individual, instruct, inform, inspire.
iMac Introduction Video by Steve Jobs
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