Apple Inc (AAPL)

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06:41 AAPL Apple: iPhone on target for end of June launch, AT&T says - Reuters.com (90.40 )

Reuters.com reports the iPhone, Apple's first mobile handset, is on schedule to hit the U.S. mkt at the end of June, a senior exec with AT&T (T) said on Wednesday. "Our expectations are good. Our testing has been good," said AT&T COO Randall Stephenson. "The iPhone is on target to launch in June."

There had been speculation by some blogs and reports that the iPhone could be delayed due to technical issues. He made the comments while in Boston to speak at a Boston College Chief Executives' Club luncheon.

Stephenson said he was not sure how many iPhones will be available at launch. "We're sorting through that right now," he said. "We got a million people waiting to buy it so we're hoping we get a million."