Apple sold 525,000 iPhones in 3 days (west coast stores sold out)
NEW YORK - Apple Inc. sold about 525,000 iPhones at Apple and AT&T Inc. stores in the first weekend since its June 29 launch, the Los Angeles Times reported on Monday, citing an analyst.
Half of the Apple stores on the U.S. West Coast sold out of the devices on the first day, the report said, citing analyst Trip Chowdhry of Global Equities Research in San Francisco.
Chowdhry could not immediately be reached for comment. Apple and AT&T were not immediately available.
Piper Jaffray also estimated first-weekend sales of the iPhone at about 500,000, according to cnet.com.
The iPhone, which combines a phone, Web browser and a music player, went on sale on Friday. About 2 percent of buyers have experienced delays in activating their service, a source said on Sunday.
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And because someone is going to say Treo sold more, here is the results of the latest quarter for Palm:
Summary: Best quarter ever for Palm, sold 750,000 Treos in quarter ending June 1, 2007
Palm Inc. reported a 43 percent plunge in fiscal fourth-quarter profit Thursday amid sharply rising costs and blistering competition.
But the maker of mobile computing devices also reported record sales of its Palm Treo lineup, and fourth-quarter performance easily beat Wall Street's tepid expectations.
For the three months ended June 1, the company said it earned $15.4 million, or 15 cents per share, on revenue of $401.3 million. In the year-ago period, Palm earned $27.2 million, or 25 cents per share, on sales of $403.1 million.
Excluding $5.4 million in stock-based compensation and other one-time charges, Palm said it earned $17.8 million, or 17 cents per share, compared with $30.6 million, or 29 cents per share, in the year-ago period.
On that basis, analysts were expecting earnings of $14.43 million, or 15 cents per share on sales of $406.58 million, according to a survey by Thomson Financial.
The Sunnyvale-based company reported record smart phone sales. Palm sold 750,000 Treos last quarter, up 43 percent from the year-ago quarter. Smart phones generated $344.2 million, up 14 percent from the fourth quarter of 2006.
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- 07-02-2007, 09:18 AM #3
- 07-02-2007, 09:56 AM #4
Assuming the stores were open 25 hours this weekend, that's almost 1 sold every 6 seconds. Have to assume most of those were online.
I don't know about you, ut I don't think I've ever completed a Apple Store or cell phone store transaction in 6 minutes let along 6 seconds.
It's selling well, no doubt, but I think there might be some fudding of the numbers to keep the hype going.
- 07-02-2007, 10:07 AM #5
- 07-02-2007, 10:17 AM #6
- 07-02-2007, 10:22 AM #7
- 07-02-2007, 10:36 AM #8
Yes, 6 every second.
So that makes my thoughts that the FUD is in effect even greater.
I would be curious about the number of physical store purchases vs. online.
Well, at this rate, (6 per second), in about a year and a half, everyone in the US will have an iPhone!
- 07-02-2007, 11:46 AM #10
Let the haters be jealous.... those of us with an iPhone know what the experience is like and i'm not sure you can accurately describe it, people just have to use one. I'm someone who loved my 650, had it all customized and running great, but i would never recommend one to anyone. Out of the box they suck, they crash and they aren't a great phone. Now with a custom ROM and a bunch of software the 650 becomes an awesome device, but it takes work and patience. The iPhone is totally different, it does just about everything my 650 did and does it so much better that i really cant even compare the two. the iPhone is the best device i've ever owned hands down.
- 07-02-2007, 03:28 PM #11
Plugged my iPhone into iTunes, registered it in five minutes, synced 6.5G of photos and all mail accounts and music and video in about 15. Then it started ringing and making calls and playing music and video and browsing the web and fetching and sending email perfectly. Called Apple with a question on Saturday evening -- while they were in the middle of selling a half a million iPhones -- and had a CSR on the phone in 3 minutes and an answer to my question 30 seconds later.
Different. Better. Adios, Palm! (I'm so happy to be saying that...)