Market Analysis: Apple Inc will sell 1 million iPhone 4 before the end of 2011

source:businessweek.com“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.