iPhone Sales Could Be Half of Apple's Revenue in 2011
Submitted by Bob Bhatnagar on
Incredibly, what began as a project in the shadow of Apple's computer business is forecast to account for 45-50% of total company revenues in 2011. Bernstein Research analyst Toni Sacconaghi believes Apple is on track to hit these targets, as the iPhone made up 30% of its revenues in 2009.
20.7 million iPhones were sold in 2009. Apple is forecast to move up to 50 million units in 2011. Sacconaghi, agreeing with other industry figures, has also forecast iPad sales in 2010 at 2.2 million units.