The iPhone, initially a sideline to Apple’s main Mac sales, could account for up to half of the Cupertino, Calif. firm’s revenue by 2011, according to an analyst. The company is on track to sell 45 to 50 million handsets next year, more than double the 20.7 million iPhones sold in fiscal 2009.
Toni Sacconaghi, analyst with Bernstein Research, in a note to investors, said the iPhone could become 45 percent to 50 percent of Apple’s revenue, up from 30 percent in 2009. The analyst forecasts iPhone sales will reach 40 million to 50 million units in fiscal 2011, a dramatic increase from 20.7 million sold in 2009. The company should report sales of 8.7 million for the first fiscal quarter of 2010, he adds.
