Apple iPhone sales a bit disappointing

Posted on Thursday, Jul 26 2007 @ 00:25 CEST by Thomas De Maesschalck
AT&T reports the iPhone is selling well but that the numbers are below estimates:
AT&T, the exclusive service provider for iPhone, said it signed up 146 thousand iPhone customers as subscribers in the first two days of iPhone sales, Reuters news-agency reports. Given that end-users had to sign up for a special contract with AT&T to get an Apple iPhone, therefore, the number of subscribers does reflect the number of sold-through iPhones.

“The difference (between sales and activations) is going to be what was sold on eBay or activations that didn't happen immediately. There were some problems with activations but from what we heard it was minimal,” Pacific Crest analyst Andy Hargreaves is reported to have said.

Technology and telecom analysts estimated sales of 500 to 700 thousand units of the iPhone in the first weekends, however, with the actual numbers being tangibly lower than that, the prospects of the gadget that combines phone, digital media player and an Internet browser may not turn out to be that bright.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments