A new report from investment firm Piper Jaffray says iPhone sales are on target and nothing but upside for Apple. Fears the handset would cannibalize iPod sales haven't been born out and won't be until the price gap between the two classes of device narrows, according to the analysts:
The report predicts Apple will keep raking it in at least through 2009, when its revenue-sharing deal with AT&T will really pay off and the iPhone will reach the breakthrough $300 price mark.
iPhone on right track, but won't knock iPod sales yet -- report [AppleInsider]
