updated 02:40 pm EDT, Tue August 21, 2007
UBS on iPhone demand
Demand for Apple's iPhone is still solid in AT&T stores, according to UBS research analyst Ben Reitzes. Surveys reveal that customers are still purchasing the cellular handset, but that new features would help sales. The analyst is targeting 800,000 iPhone shipments in the fiscal fourth quarter of this year, but Reitzes expects Apple will top that figure. Selling even 800,000 iPhones however would bring iPhone sales to more than 1 million since the device began shipping in June. Reitzes was unable to discover any issues related to iPhone returns as rumors might suggest, according to ZDNet, and 23 percent of AT&T stores across the U.S. said they received some kind of complaint -- most of which were mild -- about the iPhone.