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?

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