iPhone 3G Worth $1 Billion to Apple
Apple's new iPhone 3G is slated for launch this Friday worldwide. Apple along with partner AT&T are scheduled to open their stores two hours early in an attempt to handle the expected rush. More like a gold rush as far as Apple is concerned. According to industry estimates, Apple will need up to two million phones on hand to meet demand. At an estimated $499 profit per phone sold that adds up to a potential $1 billion for Apple.