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iPhone Sales Numbers Confusing Investors

by Tim Stevens on July 25, 2007 at 08:21 AM

iPhone Sales Not Meeting the Hype


Papers are reporting that Apple's stock took a beating yesterday, thanks to reports that AT&T says they only signed up 146,000 iPhones to eager Apple fans. That's a far cry from the expected demand for the thing, and less than half the figure many analysts said had been sold. Some had indicated Apple sold a massive 500,000 phones, but it seems those numbers were from the first few days to a week of iPhone sales. Meanwhile, today's earning report is said to only include the first two days of the iPhone being on sale. It seems people are comparing numbers from different periods and comparing AT&T sign-ups with overall sales.

Investors expect that iPhone demand will gradually build up over time, similar to how the iPod started as a curiosity and eventually turned into a must-have accessory. Also, AT&T is reporting that 40% of all new subscribers during that quarter were signing up just to get an iPhone, and that they're likely to spend a lot on data access fees (and potentially roaming fees), perhaps indicating AT&T's costly five-year exclusivity deal was in fact a good idea.

So, iPhone: huge or hype? The jury's still out ...

What do you think?

From 'The New York Times'

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Tags: breaking+news, iPhone, top

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