Apple Inc.’s iPhone is selling like hotcakes, or more aptly perhaps like Nintendo Wiis, and racked up impressive sales of a million units a mere 74 days after its release on June 29th of this year. The iPhone, TIME magazine’s Invention of the Year, has helped Apple see its fastest quarterly growth in history — and it has done all of this while operating on the EDGE network, which users have complained at times is painfully slow, in comparison to its brawnier 3G brethren.
Now Apple seems to be determined to give the public what they want, for once, and is looking to release a 3G iPhone late next year.
AT&T Inc. Chief Executive Officer Randall Stephenson has confirmed early reports, breaking the news that a 3G iPhone at a meeting of the Churchill Club in Santa Clara, California. He stated firmly that the phone will be released next year, when prompted for the time frame. The pricing is up in the air currently, and the man with the power in his hand to dictate the price is none other than Apple Inc. CEO Steve Jobs, according to Stephenson. He said, “[Jobs] will dictate what the price of the phone is.”
Jobs announced his recent intentions of selling 10 million iPhones worldwide in 2008, which would give the iPhone a modest 1% foothold in the highly competitive mobile phone market. Such sales would make the iPhone one of top smart phones. Sales through September totaled 1.5 million. Particularly telling should be the unreleased sales figures for November, including those over the weekend of “Black Friday” which traditionally sees frenzied electronics sales. Worldwide sales will also factor heavily into the iPhones success in 2008, as the iPhone is being released in Britain, France and Germany already.
Source: DailyTech