The mobile news will not stop! Today, news hit the Web that a 3G iPhone will likely be released this summer. A Bank of America analyst made the prediction: a small build of 3 million phones in May, followed by 8 million phones in June. The release of the 3G phones, which will come equipped with apps from the iPhone SDK (the beta with UI tools was released last week), could also coincide with (finally) speech on the iPhone. According that same report, Apple expects to sell 10 million 3G iPhones — analysts think this is wishful thinking; I tend to disagree. Why? Because everyone I know who owns an iPhone is my age (23), has a job paying less than $40K per year, and is willing to pay lots of money to have the newest Apple product. You can’t argue with the power of Apple Cult.

[Image courtesy of Station-A]