Apple sticks to iPhone targets, plans sales in India and China
Apple Inc. stuck to its sales target of selling 10 million iPhones by years’ end and said it plans to start selling the popular devices in India and China in 2008.
The news came at Cupertino-based Apple’s (NASDAQ:AAPL) annual meeting, a day after several analysts lowered their price targets on its stock citing the potential impact of a slowing economy on its sales pay day loan.
Apple also said it has no plans for a stock buyback or dividend.
Shareholders at the meeting approved a proposal to give them a nonbinding vote on pay packages for senior executives.