“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.