07.02.07 - 12:53pm
The iPhone has launched and shouts of “I got it!” heard in the street began the evening of June 29th, a day destined to go down in history as iDay.
The launch of iDay had over 200,000 units going out the door. Over half the stores sold out in the first 24 hours and total over the weekend saw between 500,000 to 600,000 iPhones sold.
Harry E. Blount of Lehman brothers wrote, “There are 1,800 AT&T stores around the nation and we estimate that they each received 60-70 iPhones for the launch for a total of 108,000-126,000 phones in the U.S… We estimate that at least 154,000 were shipped in time for the launch to Apple stores in aggregate (177 stores as of March quarter). Given that most of them had sold out by Saturday that means Apple sold at least an estimated 270,000 phones (AT&T and Apple) in aggregate…”
Category: iPhone | Tags: availability, gene-munster, iday, iphones, june_29th, launch, piper-jaffray | Be the First to Comment »
06.27.07 - 05:28pm
Apple’s stock has been fluctuating up and down all month usually maintaining a range in the $120’s as the debut of iPhone looms closer and closer.
The stock plummeted on false news of a temporary delay and has seen quality jumps as analysts have continued to raise their target prices from $120 to $140 and now to $160 a rating that Gene Munster is maintaining saying that the iPhone will match the iPhone hype.
Munster was especially pumped about the iPhone’s aggressive service plans. “The service plans are about 25 percent cheaper than we had been expecting,” he said. “Which is a positive, as it removes one of the barriers to entering the market.”
Munster said that upon comparing the overall plans with other smart phone plans he found the iPhone to be cheaper. He noted that if you put the $499 phone price, plus the $36 activation fee and mid-range $79.99 monthly service fee, the iPhone costs $2,419 over two years. In comparison, the BlackBerry Pearl comes in at $2,429, and the BlackBerry Curve will cost $2,479.
Category: apple, iPhone | Tags: apple-stock, blackberry_curve, blackberry_pearl, gene-munster, iPhone, target_prices | Be the First to Comment »
