WOW! Compared to just 1.1million iPhones sold in the same period last year, Apple has made a significant jump! iPhone 3G + SDK + AppStore has done it for Apple. With further impending release of iPhones in several countries, we expect the momentum to continue.

In less than 2 years, iPhone now contributes 39 % of Apple’s business making it the 3rd largest supplier of mobiles in the world. Now thats something! We still expect Apple to target each and every segment of the market with huge concentration on the iPhone next year.

With cash reserves of $25 billion in bank, Apple would certainly make the most of the recession.

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