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Analysts expect 3G iPhone to hit before Summer
By Quintin Smith on Sunday, March 30, 2008
Bank of America analyst Scott Craig has released a report stating his expectation that Apple will launch a 3G version of its iPhone in the second quarter of 2008, and go on to produce up to eight million units in the third quarter.
3G, or ‘Third Generation’ network compatible chipsets are capable of connecting to the internet wherever they have a mobile phone signal, and are capable of faster data speeds than 2G phones. Currently iPhone users outside of wifi networks have to connect to EDGE or GPRS networks which don’t offer the speed or performance of 3G.
Apple CEO Steve Jobs said last year that a third generation iPhone would happen when battery technology had improved, as 3G chips require more power than 2G chips.
Craig said: "Our latest channel checks point to a significant production build of a 3G iPhone beginning in the month of June after an initial small build in May.” Many others analysts believe Apple’s announcement of a 3G iPhone will happen at some point around the company’s upcoming developer conference in June.
Following the release of the report Apple shares closed at $143.01, a rise of $2.76.
3G, or ‘Third Generation’ network compatible chipsets are capable of connecting to the internet wherever they have a mobile phone signal, and are capable of faster data speeds than 2G phones. Currently iPhone users outside of wifi networks have to connect to EDGE or GPRS networks which don’t offer the speed or performance of 3G.
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Craig said: "Our latest channel checks point to a significant production build of a 3G iPhone beginning in the month of June after an initial small build in May.” Many others analysts believe Apple’s announcement of a 3G iPhone will happen at some point around the company’s upcoming developer conference in June.
Following the release of the report Apple shares closed at $143.01, a rise of $2.76.
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User Comments (1 comment) 
Posted by Constable Odo on 30 March 2008 at 23:08 UAE time
The iPhone Pro or iPhone 2.0 absolutely must be released before summer and the Beijing Olympics. I'll bet Apple spends a fortune for advertising in China. Although I believe that the iPhone will surpass 10 million units for this year, there's no need in cutting it close. Let the iPhone Pro have plenty of time for hype and sales. Late June or early July will be perfect. If Apple takes one month between iPhone rollouts in China, Japan and Korea, there should be plenty of time to boost sales and blow past 11 million unit sales. At least that's how my dream sees it. If the iPhone Pro has 3G, GPS, dual-cameras and an OLED screen, it will sell in unprecedented numbers and Apple's stock price will be sitting above $200/share at the end of the year.