Goldman Sachs released predictions for the iPhone over the next year or so. In addition to predicting strong holiday sales for the iPhone and iPod, analyst David Bailey predicted that Apple will likely issue two upgrades to the overwhelmingly successful iPhone, instead of simply releasing the second generation model.
According to Bailey, Apple will release a "smaller" upgrade in the first half of 2008 which would basically be the existing iPhone with upgraded storage. Given the existence of the 16GB iPod Touch, it's not much of a stretch to imagine Apple releasing a 16GB iPhone a couple months after the holiday season closes. By doing such, Apple could potentially squeeze a few