February 28th 2007
By Mike Flaminio
Apple COO Timothy Cook has told a Goldman Sachs tech conference that the company expects to sell 10 million iPhones in 2008, the San Jose Business Journal reports.
Cook also said that iPhone was on track for the June release, as scheduled. During the conference, he was asked whether iPhone would cut into iPod sales, but gave an equivocal answer: "We'll see what happens."
Prior to iPhone's release, rumor sites reported Apple had ordered 12 million iPhones. It is unknown what Apple's sales targets are for iPhone's first six months on the market.
Analysis: An optimistic forecast? Or based upon known price cuts in 2008?