Apple Online Store “Apple is on track to sell more than 50 million iPhones a year by the September 2011 fiscal year, Bernstein Research analyst Toni Sacconaghi asserted in a research note this morning, up from an estimated 20 million in fiscal 2009,” Eric Savitz blogs for Barron’s.

MacDailyNews Take: Sounds like Toni found his missing iPhones. (smirk)

Savitz continues, “He contends the company can reach that level simply by holding its current share of the smart phone market and aggressively broadening distribution to additional carriers.”

Here’s now he sees Apple getting there:
• Smart phone market growth
• Add more carriers in existing countries
• Offer the phone in China

“Sacconaghi thinks the company could put up even bigger numbers, if it addresses two market it doesn’t currently address: pre-paid phones and non-data phones,” Savitz reports.

MacDailyNews Take: Is Apple really interested in “non-data phones?”

Savitz continues, “Sacconaghi repeats his Overweight rating and $185 price target on Apple shares.”

More details in the full article here.

MacDailyNews Take: Sacconaghi has proven to be pretty much an idiot when it comes to Apple “analysis” (see related articles below), so do with his numbers what you will. One thing’s for sure: Toni is catnip for Eric; he just can’t bring himself to ignore Toni’s twaddle du jour.

Related articles:
Analyst envisions ‘iPhone Nano’ and ‘iPhone Touch’ – February 04, 2009
Apple analyst smackdown: Bernstein’s Toni Sacconaghi vs. Piper’s Gene Munster – January 20, 2009
Bernstein analyst Sacconaghi: Wal-Mart could sell between 800,000 and 1.3 million iPhones in 2009 – December 11, 2008
Bernstein analyst Sacconaghi says Apple would boost earnings with 2009 share buyback – October 29, 2008
Bernstein Research’s Sacconaghi not sure iPhone SDK will allow Apple to hit 10M in 2008 sales goal – March 17, 2008
Analyst who couldn’t find ‘missing’ iPhones thinks Apple won’t hit 10m in 2008 goal – February 22, 2008
Wise investors should ignore the Apple iPhone panic – January 30, 2008
So-called ‘analyst’ finds his ‘missing’ iPhones – January 28, 2008
FUD Alert: CNET article based on lone analyst’s view tries to gin up iPhone demand issue – January 25, 2008