When introduced in 2007, Steve Jobs predicted sales of 10 million by the end of 2008, and one senior financial analysts forecast that Apple would have "a difficult time" making it, pointing out that at that time, Nokia was selling more cellphones a week than Apple had sold iPhones. And thereby joining the gallery of famously bad predictions. In fact, Apple sold 13.8 million iPhones in 2008, and is currently selling a million iPhones a month, just in China.
While Apple is losing market share to Android in terms of mobile operating systems, their history of build quality, integration of components, and innovation suggests that iPhone's future remains positive. At the current rate, they should hit a billion units sold sometime in the next three-four years.
Source - Without Much Fanfare, Apple Has Sold Its 500 Millionth iPhone, Forbes
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