Apple Ready to Enter Europe with iPhone

Apple Inc. will announce signed deals with three carriers to bring the iPhone to Europe, according to the Financial Times.

Germany’s T-Mobile, Britain’s O2 and France’s Orange SA have signed exclusive deals with Apple, but the official announcement will come next week.

The move is considered critical to reaching Apples stated goal of selling 10 million units by the end of 2008. According to David Chamberlain, principal analyst at In-Stat, the U.S. market doesnt have sufficient demand to reach that goal, given the high price tag. Its not a mass-market product, he said. Going global also vastly improves Apples chances of success with the device, as higher volumes may in turn bring lower prices.

The report also pushed Apples stock up $3.65 Wednesday to $131.20, up 2.85 percent, in early afternoon trading.

Apple Inc.
Deutsche Telekom
Orange SA

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