Apple will sell its 10 millionth iPhone in the current financial year, according to senior executives at the company's annual shareholder meeting. Five of the eight board members, including former vice president Al Gore and Google CEO Eric Schmidt, attended the meeting.

Apple CEO Steve Jobs, flanked by chief operating officer Tim Cook and chief financial officer Peter Oppenheimer, also revealed that the company plans to launch iPhone in China and India this year. "We will enter Asia with the iPhone in 2008. We will one day enter China, we're not saying when, and we will one day enter India," Cook said.

Asked about his succession plans, Jobs said: "I've been asked that before. If I'm run over by the bus, I hope there won't be a party." Despite the quip Jobs stressed his belief that "any number" of Apple's top executives could lead the company in his stead.

See also:

Apple iPhone review