“Apple’s iPhone missed a 1 million unit sales target and rivals are rejoicing,” Scott Moritz “reports” for TheStreet.com in an article headlined “iPhone Misses Sales Mark.”
“While the much-hyped phone helped AT&T take a big bite out of its competitors’ business, industry observers say effects are far from deadly,” Moritz “reports.” “Analysts estimate somewhere between 200,000 and 700,000 iPhones have been sold since the debut blitz started Friday evening.”
MacDailyNews Take: We would like to take this moment to point out analysts’ consensus estimates have routinely been underestimating Apple’s quarterly earnings for years, not to mention that, not too many years ago, most analysts estimated that Apple would be dead by now.
Moritz continues with his “report,” writing, “The sales goal — or so-called whisper number — both internally at Apple and on Wall Street was a nice round 1 million phones. Missing this hugely ambitious target is hardly a failure, but competitors in the wireless sector are certainly breathing a little easier.”
MacDailyNews Note: Apple has not released iPhone unit sales numbers.
Full article, Think Before You Click™, here.
In one fell swoop, Scott Mortiz makes Perez Hilton look like Edward R. Murrow.
Moritz pulls numbers out of his arse until he hits one that’s higher than one pulled out of somebody else’s collective arse and then Scotty squats down to expel his daily column.
If this is an example of the lengths they have to go to make iPhone look like a “failure,” then Apple’s poised to dominate this market, too.
Contacts:
General Feedback, The Street.com: http://apps.thestreet.com/cms/tsc/feedback.do
Email Scott Moritz: scott.moritz@thestreet.com
@John G,
Well, that was diplomatic. Maybe you should have called him names and demanded he worship at an Apple altar as well.
You idiots .. Go and read the entire article, especially the second page. He is not wrong!
My letter to Scott Moritz:
Scott, this is kind of a silly article that is both poorly conceived and poorly written. You’re assertions that internal sales goals of 1 million units is wholly unsubstantiated. I can’t find anywhere online that has Apple stating that number, in fact the only source I can find for the 1 million mark estimate is Blackfriars. Can you point me to your source?
Secondly, the following has to be the most idiotic quote I’ve ever read, “By not selling out…it also proved that not everyone in the country is willing to drop $600 on a new phone.” Wait, you mean different people like different things and some people can’t afford some stuff? Why, that’s outrageous! Snore.
You state that Sprint is up $0.60 (wow) and Verizon is up a whole $1 (help me up from the floor)…never mind the fact that the entire market is up over a 1000 points for the last three months! Shocking, I know, companies actually doing well in a thriving market. Would you like a side of perspective with your order, sir?
Here’s some free advice, if you don’t want to sound like an idiot avoid quoting idiots like Roger Entner. He’s a master of the obvious for sure but there isn’t an ounce of insight in anything that you’ve printed. That’s nothing for either of you to be proud of.
AT&T sold out of their stock in the first hour. They sold all the phones they had. Moronitz is just another Microsuck hack and Verizon Worthless lover.
I think it is impressive that he thinks Apple thought that they would sell 1 Million phone in a weekend where it took MS Almost a year to stuff the channel with 1 Million Zunes -of which now most are greatly discounted.
1) Can Scott Moritz link to ONE analyst who estimated 1 million sales by the first weekend? Or is he falling back on the “well, its the backchannel whispers only” bullshit line?
The reality is that analysts are not shy about projecting estimates before these things, and many if not all of the reputable ones did so.
Embarrassing coverage from an otherwise fine financial site.
Don’t visit thestreet.com. Whoever wrote their stupid article can kiss my ass. Come to think of it, what a disgusting thought!
so funny
a million? HA!
how about 1.2 million..
They are basing their data on the fact that they are not sold out yet.. what they don’t realize is that they could have had over 2 million iphones available @ launch.. then what?? stupid fucks..
I go back to … THE IPHONE WILL CRUSH THE WORLD (including all lackluster sales estimates)
The Street was VERY negative on the iPod in the early days. They were one of the main critics of the iPod Mini – that it was way too expensive and nobody would it.
But the Mini turned out to be the most landmark iPod before or since, ushering in a whole new era of broad appeal and market domination.
Sorry, BuriedCaesar! (hah!)
Wasn’t Scott Moritz in a vaudeville act known as The Aristocrats?
jeez, Apple must suck if they can only sell a million- 5- $600.00 item over a weekend. that is amazing in itself if they even did close to 1/2 of that!!!! It’s only 2500000000 dollars. paultry at best!!!. You fucking idiots!
So it takes over six months for MS to sell a million Zunes, which is considered a success and everyone looks forward to Zune 2.0 and/or the Phune. Yet Apple *might not* sell a million iPhones in one weekend and it’s a total failure?
It just shows the media holds Apple to a lot higher standards than MS.
It’s called creating a buying opportunity. Everyone who’s not an idiot knows that Apple stock is going to soar for many months and perhaps years to come as these new markets (such as phones/Apple TV/Macs/iPods/more?) continue to mature.
These ass clowns aren’t just trying to make the other companies who used to lead the phone market in innovation look better. They’re trying to do whatever they can to stunt the stock so they can buy it at lower prices.
I may be the idiot here… but wasn’t Apples goal to sell 1 Million iPhones before 2008. That’s how I remember it as stated by Steve himself… and I think that also represented 1% of the North American market.
BUT then I’m just a pee.
If Apple DID sell 700,000 in only two days…
WHAT THE HEeLL is this guy TALKING ABOUT!
MAN – I am going to start writing articles…
Wow.
The internet has allowed complete tools to write columns and be “experts”.
the best you can do is DON’T CLICK, feeding him is a bad idea.
And why oh why are there trolls wandering thru here? I don’t normally feed them.
Enjoy
@theloniousMac
Have you thought about APPLES online site purchases… even those who purchased iPhones this way… did so during the weekend… yet they will not recieve their phones for a week – I think.
IT STILL COUNTS as a purchase. – Duh!!! Doesn’t it!
TINK 4 GOURSELF A LIL’
Ahhhhhhhh… DOES ALL THIS MATTER?
I can’t stop laughin’ about Microsofts ZUNE – which has just sold a little over 1 MILLION units… HA HA – now ask if the iPHONE is HUGE success or what !!!!!!
Apple has done it AGAIN !!!!
SO FOR GET ABOUT IT GUYS… great… a new phone has arrived and it’s worth every penny.
HAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHA – ugh!
What aload of rubbish these ‘anal’ists come out with.
The fact that Apple has sold 700,000 iphones in 2 days is fucking incredible!
This is their 1st product in the phone marketplace and its selling shitloads!
SJ said in his keynote that the target for 2008 is 10 million I phones sold.
Personally, I think Apple will reach that target in 4 months!
I bet Motorola or any of the other phone companies did’nt sell as many phones in 2 days as Apple whenever they launched a new phone in the USA.
I COULD agree with this staement, from Scott Moritz,
“What we saw the first day were the diehards who wanted the phone, no matter what,” says Entner. “Now we have the rational buyers. And these people are looking much harder to see if the phone is worth $600.”
But then… yeah… WHAT WERE the NUMBERS SCOTT and where are your SOURCES coming from.
Does it REALLY matter. No – none of this matters.
IT’s STILL a good PHONE… and it still is worth the price when compared PROPERLY to a SMART PHONE of equal functionality.
GUESS WHAT… there it’s one.
HAHAHAAHAH and the BEST SMART PHONE still is PRICIER then the iPHONE.
So – so what.
Actually, I wrote the article for Scott…
I wanted to see how much negativity I would get from his readers.
My projected numbers were 1 million in one day.
I succeeded… over 1 million people dislike my brother now!
Go Apple Inc.
I knew when they started spouting off that bullshit million mark that it was just so they could rag on Apple when they didn’t reach it. It amazes me that so many of these ‘analysts’ and ‘experts’ are taken at their word. Buncha scumbags.
I’d love to hear what Daniel Eran thinks about these imaginary numbers.
Yea, who could pass up a hanging curve ball like this.
So, went over to TheStreet and left them this note:
——————————————————————————-
“The sales goal — or so-called whisper number — both internally at Apple and on Wall Street was a nice round 1 million phones.”
Really?
Then that means lying around for sale somewhere in USA are 250,000-500,000 iPhones.
Good luck.
And better luck to any investors who’d follow Mr. Moritz’s advice.
————————————————————————————-
BC
Not even the most optimistic analyst predicted a million for the weekend. The highest number I saw from people doing their homework was in the 400 to 600 thousand range. 700 thousand was quoted as a runaway success number, but again, only the most optimistic believed that.
So now we have a “analyst” who claims the minimum number was a million for it to make a difference, and that since it didn’t make that in less than a week, it’s a failure? The level of sheer stupidity required to write or believe these kinds of articles shatters my faith in the rational nature of human beings. Does this idiot not realise that he has basically claimed that <italics> every high end phone ever released</italics> has been a <italics> complete and utter failure</italics> including <italics>everything </italics> the iPhones imagined competitors have ever sold?
I’m struck dumb.