Stock Watch

Jobs: Apple to Stick with 10M iPhone Goal

Tuesday, March 4th, 2008 at 5:30 PM - by

Apple confirmed during its share holder meeting on Tuesday that it is still on track to sell 10 million iPhones by the end of 2008. COO Tim Cook also confirmed that the company plans on taking its combination iPod and smart phone into China and India.

CEO Steve Jobs commented "There are plans in place to achieve our 10 million iPhone goal" during the shareholder's meeting, according to MarketWatch.

That 10 million unit goal includes world wide sales, which potentially could include China and India if the company can swing deals in those countries before the end of the year. Apple, however, did not offer a time frame for iPhone launches in either country.

The iPhone could see a boost in sales following the release of the software developer kit that will allow coders to write applications geared for the iPhone and iPod touch. Apple is holding a special media event on March 6 to detail its iPhone software developer plans, and also to unveil new business-related features for its handheld -- a move that could make it easier to sell the device in the corporate market.

If so, the added phone sales could give a boost to the company's stock.

Apple's stock is currently trading after hours at US$124.45, down 0.17 (0.14%). The company's stock closed on Tuesday at $124.62, up 2.89 (2.37%).

0 comments from the community.

You can post your own below.

+ show options

Your current settings, click to change: Sort Oldest First, Show Guest Posts, Hide Community Stats

Post Your Comments

  Remember Me

Not a member? Register now. You can post comments without logging in, but they'll show up as a "guest" post.


Please enter the word exactly as you see it in the image above. Registered users aren't prompted for this. Having trouble reading the image get a new one.