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News
Analysts Predict Huge Demand for iPhone 3G
Monday, June 16th, 2008 at 4:00 PM - by John Martellaro
Analysts from RBC, Deutsche Bank and Goldman Sachs have weighed in on Apple’s prospects for the iPhone 3G and are predicting huge demand.
Mike Abramsky with RBC Capital said on Monday that he expects "massive" shipments of the new iPhone in the quarter ending in September, about 5.1 million and then 6.5 million more in the December quarter. In 2009, he sees Apple selling 24 million iPhone 3Gs.
Chris Whitmore with Deutsche Bank sees a run rate of 4 to 6 million iPhone per quarter. His forecast is 13 million in 2008 and 23 million in 2009.
Finally, David Bailey with Goldman Sachs wrote in a research note that a visit to Asia found companies in the 3G supply chain more positive on the iPhone and cited "the price cut, broader worldwide distribution and better network connectivity." He also expects some big changes for the iPod nano and classic.
Mr. Bailey reiterated his belief that Apple is working on a Mac/iPod hybrid in a small form factor, the so-called iPod superTouch, that could be announced at Macworld 2009 in January.
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