“Apple Inc.’s initial iPhone sales may have beat analysts’ top projections, suggesting Chief Executive Officer Steve Jobs will reach his goal of making mobile phones as profitable to the company as computers and the iPod,” The Contra Costa Times reports.

“Shoppers may have bought as many as 700,000 units over the weekend, Goldman Sachs Inc. analyst David Bailey said, twice his projection of 350,000. Piper Jaffray’s Gene Munster pegged sales at a bout 500,000, more than twice his original 200,000 estimate,” The Contra Costa Times reports.

Full article here.

[Thanks to MacDailyNews Reader “Dion” for the heads up.]