New high- speed iPhone coming

APPLE INC is expected to launch a high- speed wireless version of iPhone in the second quarter and produce as many as eight million of the devices in the third quarter, according to Bank of America.
“ Our latest channel checks point to a significant production build of a 3G iPhone beginning June, after an initial small build in May,” Bank of America analyst Scott Craig said.

AT& T said last year it expects to be able to sell a 3G version of iPhone in 2008, but it declined comment on specific launch dates on Friday. Craig said that now he expects production volume to be much higher than his previous estimates. He said Apple planned to build more than three million high- speed iPhones in May followed by more than eight million in the third quarter of the year. Craig, who had previously estimated eight million iPhone units for the whole of 2008, said that was starting to look conservative unless some of the plans were pushed back.