Apple's Best Buy play makes 12m iPhones "very conservative"

from appleinsider.com

An agreement for Best Buy to start selling iPhones will help make already strong estimates for Apple's device sales seem all too modest, according to an investment note from Lehman Brothers.

Analyst Ben Reitzes determines that the large increase in the number of American distribution points that comes with the Best Buy initiative, combined with more than one million iPhones sold on the launch weekend alone, should result in Apple blowing past earlier predictions for the rest of calendar 2008. More