“Piper Jaffray’s Gene Munster today calls the introduction of Apple’s iPhone at Verizon Communications, where general availability started today, ‘an important battle in the war for smartphone market share,’ and he estimates Verizon may sell over 1 million units in the first three days of availability, including 250,000 pre-orders by existing Verizon customers,” Tiernan Ray reports for Barron’s.
“The device went on sale a week ago, on the Web, for those Verizon customers and almost immediately sold out,” Ray reports. “Munster notes the second round of pre-orders, taken yesterday, also sold out quickly. Munster’s been estimating Apple will sell 16.2 million iPhones worldwide this quarter ending in March — 2.9 million at AT&T (T), and 1.5% million at Verizon — but now he thinks that may be too low, given the ramp-up at Verizon.”
Ray reports, “Munster thinks iPhone sales will cannibalize sales of phones using Google’s Android operating system, modeling those phones to take a 1-million-unit hit [and] emphasizes that [even before adding Verizon] Apple’s iOS is half the profits in the handset industry, even though Android phones have been outselling iPhones by units 2 to 3.”
Read more in the full article here.
At least.
The Apple avalanche continues – the world has woken up to Apple and just can’t get enough of it’s products.
Go Apple, this is your time!!!
Verizon will sell 1.5% million. And. Out sell ATT 2:3. Huh?
So it is still a guess.
Wake me when Verizon actually announces sales numbers.
“cannibalize”
Can we get people to look up that word and how it applies to product sales, please?
It basically means to take away sales from other products YOU make and sell, not from competitors.
Yes, it’s cannibalizing VERIZON’S other smartphone offers!
Yes, please look up cannibalize you ignorant pundits.
Based on the incredible lines at Verizon, Best Buy, and Apple stores (as reported earlier here and elsewhere), this is a pretty optimistic guess.