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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.
I bought my iPhone the first day. I had 3 friends that bought on the sam day as me (Friday) Their activations did not go through until Tuesday.
If Apple is sold 146,000 iPhones in two days, imagine how many will sell this year.
Buying opportunity, buy apple shares
<snicker…>
“iPhone has to beat expectations of what the market had expected iPhone sales to be. It’s because the market – and many people on this board – have expected 700,000 or a million sales in the first 2-3 days of sales that the stock has run up as fast as it has.”
Yes, it’s true. The iPhone will only be a success in the eyes of Wall Street if it meets the tough expectations set by internet chatroom blog posts. Any responsible economist knows this.
>.<
So At&t only activated 147,000 phones in the first 1.5 days, don’t forget that it was also AT&T who also reported that they activated 1,000,000 iPhones in the first week…
Wait till tomorrow when we get Apples numbers. They are going to be huge. In the mean time all you little girls who want to whine about these numbers, go ahead and sell all your shares. This stock is going up tomorrow after the real numbers come out.
Response to…
BTW, nobody’s saying there’s no corrrelation.
The point is there’s obviously a delayed correlation, because people have to get home and actually do the deed.
If you can’t see that point, you’re obviously a troll.
Yes, I’m aware that the British are *quite* civilized.
Interesting to note that AAPL has already recovered about 50% of its initial tank, whilst RIMM has actually declined during the day.
I said both the market AND retail bloggers/shareholders were wildly bullish about iPhone sales. BOTH. As someone else pointed out, so were analysts. <snicker>
Perhaps Apple should release a Harry iPotter phone – JK rowling sold 11m copies in 2 days !!
<snicker>
Are you not aware of why AAPL has run up almost every day in advance of tomorrow’s earning’s report?? It’s because EVERYONE expects Apple to blow past expectations in iPhone sales – by a mile.
I bought my phone on Friday June 29th, but because of activation delays at AT&T, my phone was not activated until Sunday July 2nd, and was therefore not in the count.
The ATT store where I bought mine had received 50 the first day and it is a small store in CA – so if you do the math that All ATT stores got at least 50 phones X 1800 stores sold out that is 90,000 phones sold the first day.. add the Apple stores to that and the ATT numbers might be right but not bad for a new product.
earning’s = earnings
@ Cedric Lane
No, it was an anonymous source within AT&T that reported 1 million activations in the first week. Playing fast and loose with the facts like this is what gets us into these situations in the first place.
“Are you not aware of why AAPL has run up almost every day…”
Of course not, I never look at that stock.
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Are YOU not aware of what I said yesterday?
“A nine dollar drop is barely a blip to me, percentage wise, but such volatility is VERY common for AAPL, and if you can’t handle it I suggest you sell all your shares and get out for good.” – ChrissyOne, Jul 23, 07 – 05:31 pm
My sense is that people post here more to win a point than to seek the truth. My bad for assuming otherwise.
So I just have to ask….
Who the fuck cares? Honestly, do you have an iPhone? Do you like your iPhone? Shouldn’t that be all that matters or did you buy it just to be part of some sort of social phenomenon?
Roughly 1,800 ATT Stores: Approx. 60 iPhones per store for first two days, equaling 108,000 iPhones sold.
Apple: Approx. 165 US stores: 500 iPhones sold per store, qualing 82,500 iPhones sold.
With strong sales numbers, Apple and ATT combined to sell around 190,000 or so iPhones in the first two days. This isn’t rocket science it’s simple math, yet the analysts were way off the mark – some by over double!!!
Probably 20,000 – 30,000 iPhones were not yet registered on the first two days due to ATT’s network issues, buying them as gifts, etc…
How elastic is this $500 and $600 iPhone market with a minimum $60 a month plan? Possibly not very…
If a 3G chip can be delivered to meet Apple’s battery life and size specifications, a November launch is likely. Add this to a $100 lower price point with 3 models ($399 4GB, $499 8GB, $599 12GB), and iPhone could again take off with strong Christmas sales.
MDN becoming too slow to be enjoyable. Hope they fix it soon.
The iPhone didn’t go on sale until 6pm on Friday! It’s not a full 2 days worth of sales/activation.
AAAAAAGGGGGGHHHHHHhhhhhhhhh!!!!!!!
Please . . . .. Apple users . . .. ignore these Microsoft (and anti-Apple) fanboys. They know the crap that they use is just that . . . . crap. These MS fanboys come here to gloat that Apple is not way bigger than MS, that Apple products are not PERFECT, that — ah crap, just junk of all kinds.
Ignore them. Do not even try to reply. No answer will satisify them cause they do not use Apple are are happy, they use PC and hate their MS existance. You cannot answer them as they live in another weird and sadistic existance. PERIOD.
Apple users do not hate PC users, only being forced to use PC software and hardware. (well, OK we have a few wierd people here, but that is everywhere. 🙁 )
Any posting that tries to point out how Apple is crashing cause:
Steve showed up at an event,
Steve did not show up at an event,
Apple stock rose,
Apple stock dropped,
People liked the iPhone – iMac – iPod,
Some weird person hates Apple yet buys all their products so they can return them,
etc, etc, etc . . . . . . .
I just say to them . . “Bite me” and then ignore their responce. Period.
Later,
en
Stock will be at 120-125 after earnings tomorrow. Mark this post.
Cedric Lane,
correct me if my memory isn’t serving me well, but wasn’t that an unofficial leak from someone who claimed to work at AT&T?
But I hope it’s correct. If Apple announces over a million sold in the near future, AAPL will shoot back up.
So, let’s see,I order my iphone online from the Apple store. Shipping takes several days. How do I activate before the quarter ends?
Common sense seems to indicate there should be at least a “few” more sales than were currently counted for in ATT activations!