Analyst Believes 3 Million iPhones Sold in First Month

One analyst believes that Apple has hit the 3 million mark in iPhones sold in the first month since its debut.

"They are seeing unprecedented demand," says Cote, adding that there appears to be no signs of a let up yet. Cote, a former T-Mobile executive, has been extremely accurate with wireless predictions in the past.

Apple had previously announced they had sold 1 million iPhone 3Gs in the first weekend of the launch but have provided no additional sales figures since that time. The analyst predicts that the demand may be so strong that it could affect Apple's expansion into other countries later this month.