Analyst sees “sustained iPhone momentum”

Mike Abramsky, an analyst with RBC Capital, has said that checks with Apple and AT&T retail stores show “sustained iPhone momentum.” Abramsky predicts that 1.5 million iPhones will be sold by the end of the quarter, well above Apple’s target of 1 million. He also sees total iPhone shipments of 14.3 million by the end of calendar year 2008, and expects Euopean iPhone carrier partners to be announced next month. Of note, Abramsky also says that checks with large retailers show that cannibalization of iPod sales by the iPhone appears minimal.

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