Needham & Co. analyst Charles Wolf this morning raised his firm's target price on Apple stock to $240 (from $235), predicting Apple will sell near 30 million iPhones next year.
In an extensive briefing despatched to clients this morning, Wolf shared calculations which suggest the installed base of iPhone users will reach 150 million in the next ten years - the equivalent of 5 per cent of the installed base of mobile phone owners in that year.
Wolf based his new predictions on Apple's seeming decision to drop revenue-sharing deals in most of the countries it offers the device in, and on strength of the carrier subsidies being offered with iPhone 3G, which see the mobile sold for as little as one Euro by T-Mobile in Germany and Austria.
On strength of the much-improved iPhone offering (pr
