The problem with using "Freedom" is that it is also the name of a feminine product. Whether or not Jobs realized that, some of the programmers did and were hoping that the browser would get a better name. There was a placeholder name already in use, "Alexander" that was all over the code and the team was anxious to replace the placeholder with the final name. One suggestion was iBrowse.
One day, Melton ran into Kurt Knight, the Marketing product manager, who was full of excitement. "They've picked a name," he said and revealed it to be "Safari". At first, Melton was underwhelmed. "It doesn’t suck," he said. But by the time he was back in his office, the programmer liked the moniker. And this is how the browser on Apple devices, like the Apple iPhone and Apple iPad, became known as "Safari", which seems to be a pretty good name for a browser that can take you anywhere.
source: DonMelton via BGR