Analyst Raises Apple iPhone Estimates

Martin, Scott
September 2008
Red Herring;9/22/2008, p2
Trade Publication
The article reports that Piper Jaffray analyst Gene Munster has revised higher his expectations for Apple's iPhone sales. Munster expects the company will report sales of 5 million iPhones compared with his earlier forecast for 4.1 million for the quarter ending September. He adds that iPhones will account for 21 percent of booked revenue in the quarter ending in September 2008 compared with 4 percent in the previous quarter.


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