Yes, phone is a Scrabble word!
...and is worth 10 points in Scrabble, and 11 points in Words with Friends
phone
Verb
1. Get or try to get into communication (with someone) by telephone
Noun
1. Electronic equipment that converts sound into electrical signals that can be transmitted over distances and then converts received signals back into sounds
2. (phonetics) an individual sound unit of speech without concern as to whether or not it is a phoneme of some language
3. Electro-acoustic transducer for converting electric signals into sounds; it is held over or inserted into the ear
What Scrabble words can I make with the letters in phone?
4 Letter Words
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2 Letter Words