A UBS analyst, John Hodulik, has significantly raised an estimate for how many iPhones AT&T will activate by the end of the September quarter. The number has has almost doubled from an earlier forecast, shifting from 2.5 million to 4.5 million. During the recent June quarter, AT&T activated roughly 3.2 million iPhones. The iPhone 4 only launched in the US on June 24th though, giving the model little chance to have an impact on Apple's latest financial report.
