Apple shares rise after hitting iPhone sales goal ahead of schedule

“After a week of dealing with negative customer reaction to the surprise cut in the price of its iPhone, Apple Inc. said Monday that it reached its goal of selling its 1 millionth device almost three weeks ahead of schedule,” Rex Crum reports for MarketWatch.

“Apple ( said in a statement that it sold the 1 millionth iPhone on Sunday, just 74 days after the device was releasd on June 29,” Crum reports.

“Apple didn’t immediately return calls for comment about whether the price cut spurred iPhone sales last week,” Crum reports.

Full article here.


  1. I personally know six people who have purchased an iPhone since the price drop.. That’s more than I know who purchased on the first weekend.

    Proves that no matter how great a device is, price is probably the number one barrier to that device gaining mass adoption.

  2. A friend of mine with a good deal of money says that he always sells his Apple stock right before Steve Jobs takes the stage, then spends the money he made from it on Apple stock when it tanks after the announcement. When the stock recovers, a few days later, he makes a tidy profit.

    MDN word: “value,” go figure.

  3. rich people can afford to trade

    For the regular guy looking to get ahead

    Pick up some AAPL and hold on don’t sell …. you will be very happy …. ask any apple long and they will tell you the same

    It will work


  4. I guess I am surprised that the market would react to the news that Apple sells a million iPhones. I just assumed that was a sure thing from the time I saw the iPhone announced ” width=”19″ height=”19″ alt=”smile” style=”border:0;” />

  5. “13,514 phones a day?
    The iPhone is a failure!!!!”

    Except in the world of cellphones (or even iPods), a hundred thousand a day is considered a good performance.

    I guess we have to wait until the iPhone hits $49.95 (at $200 reduction every 2 months, should be there by January) to see those numbers.

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