COO Cook reaffirms vendor's belief that it can sell ten million before year's end

Apple confident of iPhone target

Apple came out fighting at Goldman Sachs’ investment conference yesterday, responding to analyst concerns that the current economic outlook could impact badly on its revenue streams.

Apple’s chief operating officer Tim Cook told attendees that he had "really good confidence" in the company’s ability to hit its stated goal of selling ten million iPhones before the end of the year.

Cook’s announcement saw Apple’s shares rise 3.7 per cent, having already rose 3.2 per cent during standard trading. The company lost 30 per cent of its price over the past three months after concerns about the economy prompted fears customers may stop buying Apple’s luxury products.

Via Reuters

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