Apple lowers iPhone shipment projection for fiscal 2Q08, says paper

Apple has lowered its projected shipments of iPhones from two million units to around 1-1.2 million units for the second fiscal quarter, which will end March 2008, the Chinese-language Economic Daily News (EDN) quoted sources at Apple's handset component suppliers in Taiwan as indicating.

Sales of iPhones in Europe have been lower than expected, pushing Apple to slash its shipment projection for the second quarter, the EDN quoted the sources as saying. Apple shipped more than 2.3 million iPhones in the first fiscal quarter, bringing total shipments of iPhones to close to four million units since its launch, the paper added.