Piper Jaffray: AT&T’s 1.6 million iPhone activations equals Street-beating 3.7 million units

“AT&T released its first quarter results Wednesday morning, and although earnings were down 9%, its iPhone business was strong, with more than 1.6 million activations in the quarter,” Philip Elmer-DeWitt reports for Fortune.

“According to Piper Jaffray’s Gene Munster, that’s good news for Apple. In a brief report to clients he calculates that 1.6 million activations translates — once Apple Store and international shipments are added in — into sales of 3.7 million iPhones,” Elmer-DeWitt reports.

“That would be a positive sign for Apple shareholders, says Munster, because the Street is expecting the company to announce later Wednesday that it shipped 3.3 million iPhones in the quarter,” Elmer-DeWitt reports.

Full article here.

Jim Goldman reports for CNBC, “It should be noted that AT&T in its earnings release earlier today, indicated strong iPhone sales, reporting 1.6 million Apple iPhone customers had activated services on the AT&T network, and that more than 40 percent of those customers were new to AT&T.”

Full article here.

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