The success of iPhone (especially iPhone 4S) may have no finish point. The sales of iPhone grew rapidly in the last quarter.
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Apple must be on Cloud No.9, given the success iPhone and iPad have achieved over the years.
JP Morgan has increased the its projection of Shipments of Apple’s iPhone in December quarter to 28 Million units which revises its estimates of revenue to US $38.69 billion. This estimation has been made on the basis of high demand for iPhone 4S, iPhone 4 and iPhone 3GS.