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According to Todd Rethemeier, an analyst with Hudson Square Research noted that the Apple can activate and even sell 4.5 million iPhones in this quarter. The said figure would then cover a 41 percent increase over the number of devices activated last quarter. At first, he predicted that AT&T would only activate 3.5 million iPhones during the quarter, but changed it afterwards when he noticed the number of stores that are still out of stock of iPhone 4 and the internet wait time.