iPhone May Have Exceeded Sales Estimates
Though there are two different versions of the iPhone, a 4GB version and an 8GB version, which sell for $499 and $599 respectively, shoppers who were interviewed in California and New York seemed to favor the latter.
Jobs expects that 1 billion mobile phones will be sold in 2008, nearly four times the number of PCs. As such, his goal is to capture 1% of the global market by selling 10 million iPhones in 2008. Next year, new versions of the iPhone will be released. Also, there are plans to launch the iPhone in Asia next year. The iPhone will hit European shores first, however, later this year.
Last week he announced that production has been boosted to meet forecasts. Under his management, Apple has seen annual profits skyrocket from $65 million to nearly $2 billion over the past five years. Sales figures have increased by more than 300% to about $20 billion. As they say, actions speak louder than words.