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Apple mania unabated as fans scramble for iPhone 4

  By TechUniverse
Apple fans queued overnight in their hundreds outside stores in Europe and Japan to snap up the latest iPhone, as the technology giant set a new benchmark in the hard-fought and fast-growing smartphone market. The iPhone 4 makes possible video calls, can handle multiple tasks simultaneously and has longer battery life than previous versions -- adding specifications that some rivals already have to its iconic design appeal. It sold a record 600,000 in pre-orders in a single day last week, and BGC analyst Colin Gillis expects Apple to set a record for being the first company to sell a million smartphones in a single day. For the current quarter, which ends on Saturday, analysts expect Apple to sell 8-9 million iPhones, including sales of older models. Analysts expect Apple to ship 10 million or more a quarter, as output ramps up to meet demand. Read More

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