“That first weekend of iPhone 3G sales was a very profitable one for Apple, based on some quick back-of-the envelope analysis,” Philip Elmer-DeWitt blogs for Fortune.
Elmer-DeWitt’s bottom line:
• 333,333 8GB iPhones @ $274.67 profit each = $91,556,000
• 666,666 16GB iPhones @ $358.67 each = $239,113,000
• Total profit to Apple: $330,669,000.
How he arrived at those numbers here.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]
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They could add another $600 to that total if my wife and I could find an 8G and 16G anywhere within 60 miles of our home. No such luck thus far. We’re giving up on the search until August 1. Looking for joy THEN.
I thought the 16Gb iPhone was a bit of a beast – and the number of this pariticular beast is 666,666!!!!!!
It doesn’t matter how big the numbers. All that matters is that the Zune, RIM, Verizon, Samsung.. just got bitch slapped. hehe
Friday – Saturday – Sunday = 72 hrs
$330,669,000 / 72 = $4,592,625 / hr
$4,592,625 / 60 = $76,543.75 / min
$76,543.75 / 60 = $1,275.73 / sec
$1,275.73 per second!
…and, except for NY, stores aren’t even open 24 hours a day, so the real per second value is even higher than this!
Don’t talk about Apple making money! You want the stock price to drop off the table?
and expect a lot, but a lot more once the iPhone is release to the 54 more countries that are waiting…
Fortune = writers that usually hate Apple and will write most anything that falls out of lower garbage chute. And while they write a reasonable article, mostly its just BS.
For me, I ignore anything that they say. I thinks its just good sense.
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Just a thought.
en
Endorse Eldernorm above. I long ago gave up trying to find much that was sensible about Apple from Fortune.
It seems his numbers are backwards from everything else I’ve seen. Most exit polls showed the 8 GB version to be more popular by a 2:1 margin.
I got a paycheck for $8,000. Using fanboi math that means I”ll be earning $2,920,000 a year.
aapl stock is still down even w/ rimm getting downgraded! appl stock is stinking up the joint right now.
A. You didn’t get a paycheck for $8,000.
B. If you got a paycheck for $8,000 and were talking about it then you really are an idiot.
C. Even if you didn’t get a paycheck for $8,000 but are saying you did, you are still an idiot.
@Cubert
What exit polls are you reading?
I stood in line for the iPhone 3G and I can tell you there is no way that the 8 GB even got close to selling as many as the 16 GB. At the Apple store I was out the ratio was more like 10:1 in favor of the 16 GB. It wasn’t until they sold out of the 16 GB black that most people even considered buying the 8 GB.
Here is some additional proof:
http://news.cnet.com/8301-13577_3-9988633-36.html
http://www.appleinsider.com/articles/08/07/14/a_look_at_whos_making_iphone_3g_purchases_thus_far.html
More proof:
http://www.applegazette.com/iphone/poll-what-kind-of-iphone-3g-will-you-be-buying/
http://www.engadget.com/2008/06/09/so-are-you-gonna-get-an-iphone-3g/
wrogposkf I think you will find its simple extrapulation from Fortune math not fanboi math so slag them off if you don’t like what you hear.
doesnt matter what the gross is.what matters is the net profit
eg: R&D;, production,shipping, admin,advertising etc.etc,etc
@Chris,
You’re right. I read the numbers on the AppleInsider poll backwards.
Ummm, generally I view “Forbes” as being anti-Mac while Fortune is more or less pro-Mac.
You all freaking out about AAPL stock price fluctuation would better off with some other form of investments. The broad market has taken a severe beating over the past couple of months. AAPL has held its own pretty well, all things considered. When the bottom is found investors will be flocking into AAPL and share prices will rise fast. I’m no expert, but I’d say today market performance indicates we may have found a short term bottom. AAPL ended up $3.17.
The Apple store I bought mine at had many more 16GB’s in stock than 8GB’s.
16 giggers were flying off the shelf, the black was outselling the white.
At 5pm on Friday the line was revving up again-100+ people.
jarrettdailynews:
Jealous that I earn more in two weeks that you earn in one year?
Where is the remaining 1 phone? 333333 + 666666 = 999999.
Apple sold 1000000 already!
spyinthe sky,
I did not question Forbe’s estimate of Apple’s 3-day-only take, I was merely commenting on the preposterousness of fanbois who would assume that one could extrapolate the 3-day-only income to an estimated annual gain.
You fell for it, fanboi. Congratulations.