Vijay Nagarajan

Apple's 10 Million iPhone Target

I agree that 10 million does not say much about Apple's profits. I expect there will be another price cut on the 2G product when the 3G iPhone comes along. But we should not discount the market share that Apple will capture. That is a non-trivial positive side-effect of the 10 million target. Besides, my hunch is that Apple will come up with a innovative range of phones in the years to come helping grow its market share. So, there is certainly optimism on that front.