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Apple's iPhone Elixir: Cut Prices


LoKz

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Apple's iPhone

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Apple (AAPL - Cramer's Take - Stockpickr) CEO Steve Jobs will need to work some magic to hit his sales target of 10 million iPhones this year.

Since the iPhone's launch in June, Apple has sold about 4 million devices, including 2.3 million during the important holiday season.

To reach the 10 million mark, it needs to average 2.5 million phones in sales a quarter over the next four quarters -- or 200,000 more than what it sold during the big holiday season.

"The number is a challenge, but unless the global economy slows down profoundly, Apple will make it happen," says Ezra Gottheil, an analyst with Technology Business Research

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