Suppose that there was no turbulence in the air.
It will fall down as a leave, horizontal, slightly oscillating around he vertical axis in relation to the Earth surface, about 6 degrees, the same as the long ice plates do within contrails and cirrus clouds.
In the formula of Bonet's answer the section S is maximum (good to minimize the speed). The drag coeff ? I dont know. Someone can edit this answer to make it more complete.
But the physics do not end here, I think. The phone will slide in large horizontal moves, as a sail or wing, much like a skydiver do. It is much more than a simple vertical ballistic motion.
Imo, thats the why.
assuming only an horizontal descent (the mass distribution is centered) :
exploring the numbers: the best result, for Cx = 1.3, is v= 15.6 m/s (in my oppinion it is too much)
Cx 0.5; 1; 1.3 ; g 9.8 ms^(-2); Ipod4 137g, dept 9.3mm surface 0.1152*0.0586 m2; Density of air 1.25 Kg/m^(-3)
Cx=0.5 v=25m/s; Cx=1 v=17m/s; Cx=1.3 v=15.6 m/s
We have to explore other aerodynamic effects.
altitude 4100 m , retrieved 800m away from where he landed. The angle of the descent of the Iphone4 probably is greater than 11º (arctan(800/4000)=arctan(1/5)). From this we can conclude that it was not a balistic descent and aerodynamic effects indeed are present.
I do not know the mass distribution in the Iphone4. If it can be made similar to a marble seed,
with much of the mass near the one top then the cellphone will rotate and significantly slow down.
reference EXPLORING THE BIOFLUIDDYNAMICS OF SWIMMING AND FLIGHT by David Lentink
pages 111-119 chapter 5.1 A LEADING EDGE VORTEX PROLONGS DESCENT OF MAPLE SEEDS
The package ELMER, among others, can be used to make the numerical aerodynamic simulation with all this variables including, if needed, the building and the wind (any upward air flow in the trajectory of the mobile ?).
EDIT add end