The tech industry is known for its superlatives. However, in the wake of the iPhone 4’s introduction, analysts have been caught off-guard, using words like “ginormous” and “huge” to describe interest in Apple’s new handset. Now a prominent Apple-watcher believes the number of iPhone users could jump from last year’s 30 million to 100 million by the end of 2011.
Morgan Stanley’s Katy Huberty told investors Wednesday night she believes more than 50 percent of current iPhone owners will upgrade to the iPhone 4. If 50 percent of iPhone owners upgrade, that means Apple will sell 48 million handsets, she projected. Noted Mac analyst Gene Munster of Piper Jaffrey envisions a very similar outcome. Predicting Apple will sell 9.5 million iPhone during the June financial quarter, Munster pointed to a recent Wall Street Journal survey suggesting 62 percent of iPhone customers say they will upgrade.
