Market Analysis: Apple Inc will sell 1 million iPhone 4 before the end of 2011“We see the iPhone installed base rising from approximately 30 million subscribers at the end of 2009 to over 100 million by the end of 2011,” analyst Katy Huberty said in a report yesterday. “Upgrades will emerge as a key demand driver in the coming years.”

Apple said yesterday that it received more than 600,000 preorders for the iPhone 4, a faster, thinner model that will be released in the U.S. and four other countries on June 24. The early orders set a single-day record, exceeding the company’s expectations. AT&T Inc., the exclusive provider of iPhone service in the U.S., said it sold out all the devices it had allocated for preorders.

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