Analyst: Apple iPhone sales triple after $200 price cut

“Piper Jaffray’s Gene Munster, whose 50-hour survey of Apple stores produced the most definitive estimate of iPhone sales to date, has combined his data with [Monday’] report that Apple sold its 1 millionth iPhone on Sunday to calculate the effect of last week’s 33% price cut,” Philip Elmer-DeWitt blogs for Business 2.0.

Elmer-DeWitt reports, “By Munster’s reckoning, Apple and AT&T were selling an average of 9,000 iPhones a day before the price reduction [and] 27,000 a day [after the price cut],” “The new rate, Munster writes in a report to clients issued yesterday, ‘clearly represents an initial surge that is not sustainable.’ He estimates that sales will stabilize at a 50% increase.”

Full article here.

32 Comments

  1. Fact:

    I have visited many Apple Stores all over the US as part of a *cough* paid observation. (By whom I’m not allowed to tell)

    1: Some Apple Stores are very busy at certain times of the day.

    2: Some Apple Stores are not busy at any time of the day.

    It all depends upon what are of the country it is in, the economic and technological status of the area’s population is.

    Since AT&T;isn’t “everywhere” like North and South Dakota for instance, the iPhones sales for those areas is minimal at best. Other areas AT&T;has a agreement with local carriers to carry their calls, but no data. So those areas too are slow iPhone sales areas. For instance the Mall of America Apple Store is rather slow.

    Of course high concentration tech areas like LA, NY, Seattle the Apple Stores are mobbed. But the Miami Apple Store is rather slow most of the time except near the holiday iPod sales time.

    So 50 hours is by no means accurate enough to gage anything and purely propaganda.

  2. I decided to purchase an iPhone earlier this week. My local Apple store isn’t selling anything this week … they’re closed for renovation all week. (just my luck) So I got my iPhone from an AT&T;store instead.

  3. Stevo genius is showing us the way again. Keep in mind, just like the new iPods, the iPhone drop in price is geared for HOLIDAY SEASON. So therefore, the ‘surge’ will be sustained for the next several months with out relenting!

    Then in early spring the troop levels will decline as prescribed by the extended tour of duty…ahh wrong post!

  4. “It all depends upon what are of the country it is in, the economic and technological status of the area’s population is.

    W-H-A-T? Are you OK?”

    I think he meant:

    “It all depends on what part of the country the store is in, and the economic and technological status of the area’s population.”

    It happens… especially if you go back to rewrite part of the sentence but miss deleting a few words or changing a few parts or something. I still understood it on my first reading.

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