D-Day. VJ Day. June 29th - iPhone Day.

mocoNews is reporting on some astounding sales estimates for the iPhone coming out of Credit Suisse:

Credit Suisse has come to the party with analyst Rob Semple predicting that Apple will sell 5 million iPhones this year and 15 million next year, which is ahead of Apple’s own predictions.

Now this number, 20 million iPhones in 18 months is even ahead of Apples own sales predictions--so why is Mr. Semple so confident?

“We expect Apple to capitalize on the evolving trend of middle market consumers paying significant premiums for 'New Luxury' goods, thus yielding a new supply-demand dynamic where higher prices are coupled with higher volumes,” he says.

Interesting take on things, as most predictions are made around the slick graphics, the multi-touch interface, and the rest of the technological innovations.

For coverage around the web, check out the Google News coverage of the iPhone.