Morgan Stanley predicts that Apple iPhone sales will hit its greatest sales mark in 2009 by doubling current sales numbers.  With AT&T releasing the iPhone for $199 with a service plan, sales are expected to soar, especially with the upcoming release of the 3G iPhone (July 11).

 

Because of the expected growth, Morgan Stanley raised its price target on Apple Inc. shares from $185 to $210.  In a quote taken from PC Magazine by Reuter, the Investment Bank said, “We believe the market generally expects a doubling of iPhone units with the lower price point ($199) and we believe this is realistic, if not conservative.

Any Competition for Apple? 

Since the iPhone is the “apple of many people’s eye,” other manufacturers are continually trying to create a masterpiece that will be able to compete with the best.  In just two short days, Sprint will be releasing the Samsung Instinct into the arena to have a go-around with the iPhone.  The Samsung Instinct was originally projected to go for $299, and once the news that the iPhone would be available for the reasonable price of $199, Sprint took a shot at Apple and made the Instinct available for a mere $129.  Of course, all of these prices include two-year life binding contracts, but for the most part, they are worth it.

Future Smartphone Predictions

In my opinion, I believe Apple will carry the smartphone revolution for quite some time.  The innovative and creative people behind of Apple’s amazing innovations will continue to surprise us with technology we could not dream up.  Sprint will give Apple a run for its money with the price of the Instinct being so low, but most of the time, you pay for what you get … and Apple is usually worth it. 

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Tags: 3G iPhone, Apple iPhone, Instinct, iPhone, Samsung, Samsung Instinct, Sprint

This entry was posted on Wednesday, June 18th, 2008 at 3:35 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.