The fans are small, thus the loudness. It is a laptop/notebook after all.
And as the iPhone has a CPU with at least 600 MHz, using such a small device without a fan to its limits can cause higehr CPU temps.
Whilst I understand it is only a laptop, it's not the first laptop I've owned and none have been loud like this before. It's no biggie, as it only does it when doing a lot of CPU intensive stuff, and for everyday usage it's fine. I'm just surprised that how loud it is compared to other much cheaper laptops I've had.