id is a generic type. This means that the compiler will expect anyobject type there, and will not enforce restrictions. It can be useful if you're expecting to use more than one class of objects there; you can then use introspection to find out which class it is. id automatically assumes a pointer, as all objects in Objective-C are passed as pointers/references.
id is a pointer to any Objective-C object (objc_object). It is not just a void pointer and you should not treat it as so. It references an object that should have a valid isa pointer. The values that can be stored in id are also not just limited to NSObject and its descendants, which starts to make sense of the existence of the NSObject protocol as well as the objc_object0 class which does not even inherit from NSObject. The compiler will allow you to assign an object referenced by type id to any object type, assign any object type to id, as well as send it any message (that the compiler has seen) without warning.
id is a pointer to any type, but unlike void * it always points to an Objective-C object. For example, you can add anything of type id to an NSArray, but those objects must respond to retain and release.
The compiler is totally happy for you to implicitly cast any object to id, and for you to cast id to any object. This is unlike any other implicit casting in Objective-C, and is the basis for most container types in Cocoa.
Yes and no. It's true that having id x designates x as a pointer, but saying that the pointer type conversion rules apply is wrong, because "id" has special type conversion rules. For example, with a void * pointer you can't do this:
void *x;
char *y = x; // error, this needs an explicit cast
In addition in the "modern" Objective C it's preferred to use instancetype instead of "id" on "init" methods. There's even an automatic conversion tool in Xcode for changing that.
Read about instancetype: Would it be beneficial to begin using instancetype instead of id?
id is a data type of object identifiers in Objective-C, which can
be use for an object of any type no matter what class does it have.
id is the final super type of all objects.
In java or c# we use like this
Object data = someValue;
String name =(Object)data;