“Dan Mead, Verizon Wireless chief, told media outlets this weekend that 60% of the company’s iPhone sales were preorders,” Scott Moritz reports for TheStreet.
“Recent analyst estimates say Verizon’s iPhone preorders totaled 600,000, and if that was 60% of total sales, then 1 million iPhones were sold on the debut weekend,” Moritz reports. “It also means many more have sold since then.”
Moritz reports, “Verizon says it will not release the actual sales figure until its first-quarter earnings report in April.”
Full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
Think before you click on any Scott Moritz link.
Mr. Moritz goes out of his way to write FUD about Apple and its products.
This is typical tripe from him.
Scott Moritz is a putz, but if those numbers are accurate, they are VERY disappointing. Nothing like the juggernaut we all thought it would be.
But I think the assumed release date of iPhone 5 in early June (likely at WWDC) made quite a few people give it a second thought.
Dan Mead said last week that sales of the iPhone launch exceeded the sales of any other device in history. That’s not sales of any other device at launch, that’s total sales. Whatever has been Verizon’s most successful device before the iPhone (Droid, Droid 2?), iPhone bested total sales at launch. Anybody who says Verizon iPhone sales were disappointing is high on droid crack.
I saw that quote. I think he misspoke. The statement is incorrect. The Verizon StarTAC and Verizon RAZR sold tens of millions.
So most popular device launch day, yes, but the Verizon iPhone has a ways to go before besting total sales.
BTW: The RAZR over all sold 110 Million units during its first 4 years. The iPhone seems like it will come in under this amount during its first 4 years.
Don’t forget folks, we are living in a society of cost-conscious people. Not everyone is ready to shell out more cash to ATT just to end there contract early. The numbers will grow and MIGHT grow substantially when folks start closing in on the end of their current contracts. And then again with the iP5 right around the corner, I would bet most folks are waiting on that one as well before they make the shift. JMHO – Peace
We are indeed living in a cost-conscious times. Not everyone is ready to shell out for the $30 per month data plan, if AT&T is offering data for $15 per month. $230 per year in savings buys a lot of kids’ shoes…
Verizon was offering compensation to jumpers to cover their ETFs, also because we are living in cost conscious times people tent to gravitate towards thing that offer real value. Otherwise why would Apple be the only computer maker making money during this past recession. Apple don’t make no junk.
Moritz is a hack, working for Jim Cramer and the hedge funds. Take everything he says with a grain of salt.
Slow sales in comparison to AT&T… It tool Verizon 18 days to reach a million units. From here on in it will be even worse. It is no wonder Apple did not publish sales of 1.7 million in 3 days like they did with AT&T.