Apple's iPhone Elixir: Cut Prices
Updated from 6:09 a.m. EST
Apple (AAPL) CEO Steve Jobs will need to work some magic to hit his sales target of 10 million iPhones this year.
Since the iPhone's launch in June, Apple has sold about 4 million devices, including 2.3 million during the important holiday season.
To reach the 10 million mark, it needs to average 2.5 million phones in sales a quarter over the next four quarters -- or 200,000 more than what it sold during the big holiday season."The number is a challenge, but unless the global economy slows down profoundly, Apple will make it happen," says Ezra Gottheil, an analyst with Technology Business Research.
Apple May Look at a iPhone Price Cut
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