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“AT&T Inc., reported a 61% rise in second-quarter net income amid recent acquisitions and said it activated 146,000 iPhone subscribers the last two days of the quarter, 40% of whom were new AT&T Wireless customers,” Kevin Kingsbury reports for The Wall Street Journal.
Full article here.
Rex Crum reports for MarketWatch, “Apple Inc. (AAPL) saw its shares fall $6.70, or almost 5%, to $137.10, after AT&T Inc. released its iPhone sales figures for its second quarter.
“The numbers are seen as a barometer for measuring total iPhone sales because all iPhones, even those sold in Apple retail outlets, must be activated through AT&T’s wireless network. Many analysts were looking for sales around 200,000, with some projections as high as 500,000 iPhones sold in the last two days of the quarter,” Crum reports.
Full article here.
Notable Calls reports, “CIBC’s Ittai Kidron is out with monster call on Apple saying based on their store checks, they believe that demand for the iPhone has seen a significant decline in the past 10 days. CIBC has noticed decent inventories at stores, and thin demand at best. In fact, most Apple store visitors were not looking at the device and only a very small subset bought it.”
“With the weakness, they wouldn’t be surprised to see AT&T and Apple step up their marketing efforts. Firm’s channel checks suggest Apple is actually looking to introduce a 3G version of the iPhone for the U.S. market in November, ahead of the holiday season and earlier than currently expected,” Notable Calls reports.
“CIBC now believes the ‘improvement’ could come soon,” Notable Calls reports.
Full article here.
TheStreet.com reports at AT&T said “sales of the Apple iPhone ‘have been robust.’ AT&T activated 146,000 iPhone subscribers in the last two days of the quarter. “Sales of the iPhone continue to be strong in July with store traffic above historical levels,” AT&T said.
Full article here.
Key word: activated.
iFlop
OH NOES!!! Teh stock dropped to levels not seen since LAST WEDNESDAY!!! UR IN TEH MARKET, LOOZIN UR SHORTZ!!!
I thought I told you not to panic.
LOL. Dude, you got Zuned.
Am I crazy or did AT&T have server issues the first couple of days (from all the people activating iPhones) that prevented everyone from activating their iPhones. Like “R” said:”Key word: activated.” Besides, is there another smart phone that sold 146,000 units in 2 days?
All purchased iPhones have to be activated. That’s no distinction. Early adopters would be too excited to postpone activation. Phones not activated immediately were probably purchased to be resold on ebay. Unfortunately, iPhones weren’t selling on ebay b/c buyers understood that the Apple stores weren’t sold out of iPhones. Phones not activated were probably returned to the store for refunds. 146,000 is an awful number. Far lower than anyone would have guessed, even the shorts. I’m just surprised the stock isn’t down 20% today.
Bought 1K shares this AM @ 137.20.
Whadda bargain!
MDN- “seems” as in “Seems like a nice opportunity to make some quick $$$”.
AT&T did have some technical difficulties. But at the time, didn’t they say it was only affecting a small percentage of all activations?
The only thing keeping this stock from going down further is the rumor that a 3G phone will be coming out sooner than expected. What happens to the stock if that rumor is dispelled?
AT&T did have some technical difficulties. But at the time, didn’t they say it was only affecting a small percentage of all activations?
The only thing keeping this stock from going down further is the rumor that a 3G phone will be coming out sooner than expected. What happens to the stock if that rumor is dispelled?
AT&T did have some technical difficulties. But at the time, didn’t they say it was only affecting a small percentage of all activations?
The only thing keeping this stock from going down further is the rumor that a 3G phone will be coming out sooner than expected. What happens to the stock if that rumor is dispelled?
AT&T did have some technical difficulties. But at the time, didn’t they say it was only affecting a small percentage of all activations?
The only thing keeping this stock from going down further is the rumor that a 3G phone will be coming out sooner than expected. What happens to the stock if that rumor is dispelled?
In some ways it is almost funny to watch some people unload thier AAPL stock on such news. Out there somewhere “someone” jumped out at $137, only to watch it recover in a matter of hours. Go ahead and panic, the rest of the world deserves a bargain now and then.
Well now, let’s see, WinTrolls:
Your beloved MSFT is presently sitting at $31.10, all the way up from $30.50 six months ago. You’re right; that’s something to revel in.
Right now AAPL is sitting at $139.85, up from $85 six months ago. Hmmmm.
I double-dog-dare you pathetic WinFanTots to invest $100,000 dollars of your money into MSFT and/or DELL and come back here in six months with the results.
If it’s over 2-4% to the good on either equity, I’ll grovel at your feet.
My activation barely mad the quarter, so this may be understated. Also, how many people used to old cell phones, bought their phone and charged it overnight before activating.
In any event, my friends is being shipped direct from China – So inventories are low, so demand is high. Thanks for the buying opportunity on the stock!
The problem was activation issues on AT&T’s end. My iphone didn’t get activated until Tuesday due to delays. Some iphones sold may actually been gifts and their activations would be delayed also. The true measure would be how many iphones were sold.
Yes, many early adopters would activate right away, but those who bought them as gifts wouldn’t, and many of those who tried to activate were delayed the activation process until Sunday. Some were even delayed until Monday.
As for 146,000 being an awful number, can you name any phone that has ever sold that many in two days? How is it possible for a world record to be an awful number?
Why wouldn’t they reveal activations from Jul1 til now? I am sure that the activation problems contributed to the low number. Not THAT many people bought these to sell on eBay
“Phones not activated were probably returned to the store for refunds. 146,000 is an awful number. Far lower than anyone would have guessed, even the shorts.”
Oh that’s funny. Yeah, hella refunds, I can see it. As for the “awful” number…
“Motorola reported their 2nd quarter earnings and revenue that beat Wall Street’s predictions. Moto Q sales eclipsed 150,000 units during the first 30 days it was on sale.“
It’s all academic at the moment anyway. Don’t. Panic.
AT&T strikes again…
Anyone else wonder at the veracity of their numbers?
“Well now, let’s see, WinTrolls:
Your beloved MSFT is presently sitting at $31.10, all the way up from $30.50 six months ago. You’re right; that’s something to revel in.”
Well now, let’s see, FanBoy:
2 weeks ago all the fanboys were running around here spouting that Apple had sold 500,000 – 700,000 phones the opening weekend. Some of your predicted maybe a million….
Welcome to iPhone, Apple’s answer to the Zune.
Ah, the stupidity of the day-trader.
Consider this: Most people buying their phone on the Saturday would have been out for the whole day, started to charge their phones when they got back home in the mid-afternoon, and then get ready to go out on Saturday evening only activating on a Sunday morning.
Also, they obviously didn’t read the really important bit: 40% of activations were new to AT&T!
If that carried on for the first 3 million units which Apple allegedly had in stock for launch, that’s 1.2 million units which may be paying Apple $11 a month for the next two years and the other 1.8 million units will pay $3: where I come from, that’s $223 million dollars per year for the next two years in near-pure profit.
Normally to generate that kind of money, Apple would have to sell about a million Macs.
If I had the money, now would be a great dip to buy. People are DUMB!
Didn’t Cramer TELL you to sell “some” of your shares yesterday? Not out of “lack of confidence”, but so you could buy them back cheaper “real quick”? Yes, he DID! Didn’t he. And so many of you made “Poo-poo” noises in his direction.
Points made:
a) technical problems slowed activations
b) many charged their new iPhones overnight before activating
c) the stock CAME BACK
DLMeyer – the Voice of G.L.Horton’s Stage Page Pod-Cast
Crap, my Google’s down, and now Apple! Aargh!
Buying opportunity folks.