Apple’s aim of selling 10 million iPhones by the end of 2008 could be too lofty a goal, according to Forbes. Noting that the iPhone will compete in the smartphone handset segment, Forbes’ Taesik Yoon reports: “Worldwide shipments of converged mobile devices (i.e.
smartphones) increased 42% year-over-year to 80.5 million units in 2006. It also remains under-penetrated and offers plenty of growth potential.
But the bad news is that it currently represents less than 10% of the total number of handsets likely sold last year. This suggests a much smaller market for the iPhone than one might assume.
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