Apple Ready to Enter Europe with iPhone
8/23/2007 11:38  Resource:Xchange Online  Author£ºTara Seals

    Apple Inc. will announce signed deals with three carriers to bring the iPhone to Europe, according to the Financial Times.

    Germany's T-Mobile, Britain'sO2 and France's Orange SA have signed exclusive deals with Apple, but the official announcement will come next week.

    The moveis considered critical to reaching Apple¡¯s stated goal of selling 10 million units by the end of 2008. According to David Chamberlain, principal analyst at In-Stat, the U.S. market doesn¡¯t have sufficient demand to reach that goal, given the high price tag. ¡°It¡¯s not a mass-market product,¡± he said. Going global also vastly improves Apple¡¯s chances of success with the device, as higher volumes may in turn bring lower prices.

    The reportal so pushed Apple¡¯s stock up $3.65 Wednesday to $131.20, up 2.85 percent, in early afternoon trading.

          
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