Opera has submitted its Opera Mini Browser prepared for iPhone for approval and they are hoping to get a good response.
Opera Mini actually first transfers traffic to their own’s servers to compress pages before transferring them to display on the iPhone which in results speeds up the browsing speed almost 5 times more than Mobile Safari.

However Its functionality is totally optimized for iPhone and it will prove very good for it. Also it will also be synchronized with other versions of Opera.
Opera Turbo compresses the data up to 80% which also make us to save money.

It has also a new feature with which it will be able to save the browsing state which was not available in other versions of Opera.
More features can be seen from the video below: