Continued...
The news comes as economic conditions put pressure on players in the mobile device market. Third quarter saw the industry's growth in phone shipments dropping to single digits, compared to last year's double-digit increase from 2006.
Yet Apple's (NASDAQ: AAPL) iPhone 3G appears bulletproof to the market-related issues plaguing other handset sales. Both Apple and AT&T, the iPhone's exclusive U.S. wireless carrier, reported strong earnings on the burgeoning success of the device.
In the two months following launch in July, the iPhone 3G more than doubled the total number of first-generation iPhones that Apple had sold since first introducing the device in 2007. It also outsold Research in Motion's BlackBerry during third quarter -- a feat that Apple CEO Steve Jobs called "stunning" in sharing the news with investors last week. RIM sold 6.1 million BlackBerries while Apple recorded 6.9 million iPhone sales during the quarter.
More than 10 million iPhones are expected to be sold this year, according to figures cited by both Apple and several industry researchers.Continued...
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