Apple making 4GB iPhone, 7m total in Q1?

01/14, 9:10am

UBS on 4GB iPhone

Apple is in the midst of building a new lower-cost iPhone that is helping the company manufacture record numbers of the handset in the first quarter of the year, according to UBS analyst Maynard Um. Specifying only "checks" within the industry, the financial expert claims an iPhone with 4GB of storage is in the works and is helping Apple boost the number of phones shipped to 7 million in the first three months of 2009. The figure would just the 6.9 million achieved during the iPhone 3G launch and potentially gives an edge over RIM, which sold 6.7 million BlackBerries through the late summer and early fall.