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I imagine it would be important to be able to store your stylus in the phone when not in use.

Yes, the Samsung Note not only has a place to put your stylus, it actually 'clicks' in so normal knocks & bumps won't cause it to fall out.

AND, when you intentionally remove it, by clicking, it pops out and the Notes app is automatically fired up.

Apple just doesn't do this on iPhones. Why not?