Piper Jaffray estimates 500,000 iPhones sold in first weekend

“Piper Jaffray’s Gene Munster released a report Sunday night estimating that Apple sold about 500,000 [iPhone] units,” Tom Krazit blogs for CNET.

“Despite low supply at AT&T stores and activation issues, it appears that the iPhone era at Apple got off to a good start. Piper Jaffray said Apple had iPhones available in each one of its stores on Saturday, and in 84 percent of its stores Sunday,” Krazit reports.

Piper surveyed 253 people iPhone buyers in San Francisco, New York and Minneapolis and found that 95% purchased the 8GB iPhone and about half were new customers for AT&T, according to the report.

Full article here.

[Thanks to MacDailyNews Reader “Dion” for the heads up.]

33 Comments

  1. So the “analysts” are just taking a wild guess?

    My 10 year old could have told me that.

    And if Apple sells slightly below that for the weekend it will be doomed a failure because it did meet “analyst’s” expectations.

    What other cell phone sold that many in one weekend?

  2. I’m not buying these numbers. I would bet at least a million over the three-day weekend. I bet will hear something to this effect from Cupertino shortly. The one thing everyone seems to be discounting are the legions of buyers on the web who have no problem waiting 2 weeks to get their phone. These orders have been happening for about 62 hours and counting. And remember, 1 million iPhones is roughly a half billion in new sales. Crazy.

  3. Everyone from analysts, tech experts, pundits, journalists, bloggers will have different takes/spins on this. Each one trying to advance their own agendas. Get used to it.

    It’s a success as far as I’m concerned. I’m loving this gadget already.

  4. Regardless of the astonishing success of the iPhone’s first weekend, expect a stock price pull-back today. ANY bad news always drives AAPL down, so watch what the Universal Music Group announcement does.

    As usual, however, those who hold and remain “long” will triumph, I believe.

  5. 95% of consumers buying the more expensive iPhone. Yet so many naysayer analysts complaining that its too expensive.

    Do analysts know anything about consumers? Or have they just been paid off to regurgitate FUD?

  6. Don’t think the FUD machine is over. This phone is a HUGE threat to many different companies. FUD will now spew in attempts to curb any more sales. People with defective units are going to be brought to the front of the line and heralded as examples of “what happens when” you buy Apple’s expensive phone.

    This is a cutthroat business and the livelihood of many is being threatened if this phone makes it big. When desperate, people resort to some nasty things.

    Expect a sh*tstorm of FUD. And, if you have one, let everyone know how much you love it. Be realistic. Be generous and show it to them (like that’ll be so hard to do) and counter the storm.

    If this phone is as big as iPod (or bigger), it will be a huge nail in M$’s coffin, though I don’t think they see that yet.

  7. From the Washington Post:
    “Rob Enderle, an industry analyst with The Enderle Group, said the activation problems probably won’t hurt iPhone sales.

    “This kind of thing is not unusual when you have this number of people trying to buy something all at once,” Enderle said.

    Depending on how the companies handle customer’s complaints, it could in fact help, he said. If customers feel the company has treated them well, they are more likely to buy and recommend its products in the future.

    “It doesn’t matter whether your product breaks or not,” Enderle said. ‘It matters how well you treat your customers.'”

    Whoa. Where is the real Rob?

  8. Just for comparison purposes, Palm sold 750,000 devices during the entire quarter that just ended.

    iPhone sold at least 500,000 in a single weekend. Already, they are a major player, if not the leader in smart phone devices.

    There is one clueless analyst that says 500,000 units in the opening weekend is “disappointing.” He obviously can’t do math and seems to have avoided doing any sort of calculations whatsoever – his justification for “disappointing” was that Apple didn’t sell out immediately. By his reasoning, if Apple had made 10 million iPhones before launch and sold 5,000,000 of them, it would still be “disappointing” because Apple didn’t sell out.

    So many retarded people in the world these days, driven to idiocy by all the organic hate chemicals in their brains.

  9. From a great comment by chabig83 on the CNET article:

    In 10 months ending June 30th, MS hoped to sell a million Zunes.(Any news to report, MS?)

    In 2.5 days ending July 1st, Apple estimated to have sold .5 million iPhones (list price closer to $599 but with subscription, really over $1500). And almost certainly if that is true, then by the end of this month, Apple will cross the million iPhone mark.

    Game over?

  10. It’s still too expensive for me. And far more capable than I need. But … it was ! great ! seeing long lines at store after store, all around the country. There was a little of that for the Vista launch, but not nearly so much. This has GOT to have made an impression in Redmond.

    DLMeyer – the Voice of G.L.Horton’s Stage Page Pod Cast

    We’re BACK ! ! !, after missing last week’s show due to dead Broadband.

  11. “AT&T should be kissing Steve’s feet right about now.”

    They should be terrified. If Apple has their way, they’ll do to the mobile carriers what they did to the music industry: Dismantle their malfunctioning business model and build a new one with Apple in a position to dictate terms.

  12. I’d have no trouble believing that Jobs is personally disgusted by the flipping of first-day products on eBay — “you mean you don’t love it and it’s just commerce!” – and set out to make sure that no one would be scalped for his precious iPhone.

    Whatever, Apple has learned its lessons from the iPod shortages.

  13. @ DLMeyer
    “It’s still too expensive for me.”

    It’s really not. Once you get it in your hand, and you realize how much you can do with it, 600 bucks was a deal. I like it more every time I touch it.

  14. DLMayer:

    What’s so expensive about FOUR devices in ONE unit?
    iPod, cell phone, PDA and internet device?

    Joel Fagin: Right ON! The cell industry, service providers AND device manufacturers, SHOULD be quakin’ in their boots! The next couple of years will be extremely interesting.

    How long did it take Apple to sell .5 million iPods?
    Now look at the iPhone.

    There’s pent up desire and demand for a phone that just works, PLUS the iPhone looks like FUN, too!

    Sony Ericsson, Nokia, BenQ, Motorola, Palm… start eating you hats.

  15. “Once you get it in your hand, and you realize how much you can do with it, 600 bucks was a deal. I like it more every time I touch it.”

    That’s a better deal than a high priced hooker.
    I’ll bet Charlie Sheen will want an iPhone.

  16. @Joel,

    AT&T has five years to figure out what it’s business is and where it will provide value to Apple and iPhone consumers. Especially how they’ll make money in a VoIP network market that will certainly come big time to the iPhone in the months ahead.

    Right now, AT&T will provide unlimited data (and 200 SMS messages) for $20 over mostly-anywhere cellular and any free Wifi access point you can find. Here’s the danger: If Wifi and/or Wimax become widespread, and VoIP and IMbecome the way to go, then who will need to pay for the cellular minutes?

    With this staring them in the face, AT&T should be building out an AT&T-only wifi and WiMax hotspot network to take over, so I can charge more than $20 for anywhere non-cellular IP connectivity.

    T-mobile and Sprint seem to already be doing this. So maybe AT&Ts; plan is to steal their customers via the iPhone and bring down their market value, and then just buy them up on the cheap, to get the Wifi hotspot and WiMax businesses.

  17. You know I couldn’t figure out what’s going on with apple’s stock this morning till I stood back and took a good long hard look at the history here.

    2 things are in play:
    iphone release selling .5mil units.
    universal pissing into the wind and saying they won’t sign another deal with itunes.

    Universal if I remember right is one of those who was trying to tell apple that since they got a cut of the zune, they now also wanted a cut of the ipod sales, and this was last year I think.

    Now on the first trading day of the iphone release you get this pissass bullshit from universal about not signing a long term contract, but maybe a short term?

    Universal… GO FUCK YERSELF! this is uni trying to hurt apple by cockblocking the stock jump that should have happened on apple selling a HALF A MILLION units! our stock should have jumped and probably even split.

    Anyways I’d welcome any thoughts.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.