Wed 23 Apr 2008
If Apple expects to sell the 10 million iPhone’s it still maintains it will do by the end of 2008, something is going to have to change. Tonights earnings call reported only 1.7M units sold in the last quarter. At that rate they’ll only rack up about 6.8M units by year’s end. And iPhone shortages have been reported, which is unlikely due to any supply problems. This is another sign pointing to a 3G iPhone which will hopefully be released in the June time frame.
Overall, Apple had a pretty good earnings call, though the stock did slip a bit in after-hours trading as they once again guided below Wall Street expectations (which of course they’ve always done).