iPhone Production to Increase Majorly!

11 Apr.

If the production plans are any indication, then it can be expected that Apple’s iPhone will see a huge boost in sales this year. Apple plans to produce 11 million iPhones this year, split between the current 2.5G phone, and the new 3G iPhone to be released in June. The production of the iPhone will be slowed in the first half of the year, then production is scheduled to dramatically increase in the third quarter after the introduction of the second generation iPhone, a year after its initial release.

This increase in production could turn out to be a gold mine for Apple and investors. If the production plans are correct, Bank of America analyst, Scott Craig, expects 8 million of the 11 million iPhones produced will be sold this year. Additionally, if the new 3G iPhone model is successful, Apple is looking at an additional $400 million in sales

Via: iPhonesTalk