Incredibly, what began as a project in the shadow of Apple's computer business is forecast to account for 45-50% of total company revenues in 2011. Bernstein Research analyst Toni Sacconaghi believes Apple is on track to hit these targets, as the iPhone made up 30% of its revenues in 2009.
20.7 million iPhones were sold in 2009. Apple is forecast to move up to 50 million units in 2011. Sacconaghi, agreeing with other industry figures, has also forecast iPad sales in 2010 at 2.2 million units.
Guess what's back in the news. If you guessed a $99 iPhone then you just won the prize. Analysts at Royal Bank of Canada Capital Markets are predicting some changes in the Apple iPhone lineup this summer. However, the $99 iPhone predicted by Mike Abramsky doesn't resemble some of the earlier mockups of an iPhone "Nano" we've seen previously.
As you can see by the specifications above, the cheaper and highly subsidized version of the iPhone would have similar dimensions as its current model counterpart. The main differences would be lack of 3G or GPS support and a less expensive (and less included bandwidth) data plan. Along with the introduction of the basic model, Abramsky and others expect that Apple will also introduce an upgrade to the full-featured iPhone 3G.
