RBC’s analyst Mike Abramsky wrote in a research note that either a secondary, entry iPhone model or an unusually low price for the near certain 3G model could accelerate Apple’s sales growth between 50 to 100 percent, resulting in 20 to 25 million iPhone by end of 2008. Such a growth could lead to between $2.7 billion and $5.4 billion in extra revenue for Apple. The demand for new iPhone is also high, around 70% of people in an RBC poll who are interested in the device are first-time buyer of the iPhone. It is largely believed that Apple is working on a smaller iPhone but there is no information about when Apple plans to release such a phone.
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