Apple COO: We’re ‘On Track’ to Sell 10 Million iPhones
Apple chief operating officer Tim Cook reiterated his company’s confidence in the projected number of iPhones shipments in 2008. Speaking at the Goldman Sachs Investment Symposium, Cook calmed investor nerves by restating that Apple is ‘on track’ to sell 10 million iPhones by the end of 2008. In recent days, Apple’s bold projection on total iPhone units shipped in ’08 had been disputed by Wall Street analysts. Citing softer demand and a higher incidence of unlocking for iPhones, several analysts had lowered their projected iPhone shipments in ’08 by a wide margin and had dropped their share target price as a result.