Watch For That Apple (AAPL) 3G iPhone In June

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Since everyone else has a date for the Apple (NASDAQ: AAPL) iPhone launch, why not offer another?

According to intoMobile, the faster and thinner versions of the iPhone will come out in June at the Apple WWDC, two months from now. The website says that Apple has already ordered 10 million of the units from Taiwan-based Hon Hai

The sooner the better, Apple’s iPhone running on the AT&T (NYSE: T) 2.5G network is considered too slow for some. A 3G product will bring those buyers from the sidelines.

In addition, Samsung and Nokia (NYSE: NOK) have come out with 3G products aimed straight at the iPhone market. Smartphones have higher profit margins than most of the handsets these companies sell.

With Blackberry sales up sharply in the last quarter, RIM (NASDAQ: RIMM) could also hurt iPhone share.

The Apple product needs an upgrade.

Douglas A. McIntyre