News
Munster: 12.9m iPhones by end of 2008
By Charles Starrett
Senior Editor, iLounge
Published: Wednesday, March 5, 2008
News Category: iPhone
Following Apple CEO Steve Jobs’ statement yesterday that the company is holding to its target of 10 million iPhones sold in 2008, Piper Jaffray analyst Gene Munster has said that according to his models, Apple will easily beat that target. “We are currently modeling for 12.9m iPhones in CY08,” said Munster. “Exceeding the goal by 2.9m units or 29%.” Fortune reports that Munster also received confirmation that the goal is for 10 million iPhones sold in 2008, not 10 million iPhones sold from its release on June 29, 2007. “We confirmed with Apple,” he said, “that the goal is to sell 10m iPhones ‘in CY08’ alone.”
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