Monday, February 11, 2008

Analysts: 3G iPhone may reach users by midyear

"Users may see an iPhone with 3G technology in the next six months, a financial analyst said Monday, citing waning inventory of Apple's current iPhone and the increasing demand in Europe for 3G products."

"The iPhone shipments are likely to be weak during the March quarter, and inclusion of 3G technology in the phone could ensure that Apple meets its target of shipping 10 million iPhones in 2008, analyst Richard Gardner of Citigroup said in a research note on Monday. 3G is a high-speed wireless communications standard that provides broadband Internet capabilities to cell phones and mobile devices.

An iPhone upgrade to include 3G technology could help the company forge more relationships with carriers as it builds a European presence. "We believe that lack of 3G has been a significant headwind for iPhone in Europe where 3G is already pervasive," Gardner said.

During meetings with Citigroup, Apple reiterated its plan to introduce the iPhone into additional European countries and Asia by the end of 2008, Gardner said."

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