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Thread: Over 3 million iPhones sold in first month

  1. #1
    tweakwindows's Avatar
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    Thumbs up Over 3 million iPhones sold in first month

    Analyst: 3 million iPhones sold in first month
    One month after its debut, Apple's new iPhone has hit the 3 million sold mark, according to analyst Michael Cote of the Cote Collaborative.

    "They are seeing unprecedented demand," says Cote, adding that there appears to be no signs of a let up yet. Cote, a former T-Mobile executive, has been extremely accurate with wireless predictions in the past.

    An Apple spokesperson declined to comment on Cote's projections.

    The blistering sales pace of Apple's new gadget defies the otherwise downward trends in consumer spending, employment levels and overall economic health. The 3 million figure is much higher than Wall Street analysts had anticipated. Forecasts called for total quarterly sales of three million to four million.

    Three days after the new iPhone's July 11 debut, Apple announced that it had sold 1 million iPhones. For comparison, it took 74 days for the original iPhone to hit the one million sold mark. The new 3G iPhone has already sold nearly half as many as the original iPhones in total.

    Three big factors seem to have helped juice sales.

    As Fortune.com first reported, the price of the iPhone was cut in half, and with a $199 price tag - excluding the $2,400 wireless subscription costs over two years - it put the phone within reach of a much broader market than the original $400 iPhone.

    Second, the new iPhone got to capitalize on the consumer enthusiasm for the original iPhone's touchscreen design. Mobile phones are very much a fashion statement, and touchscreens are hot. A good comparison is Motorola's Razr, which ushered in the ultrathin style and sold 100 million units.


    Last edited by tweakwindows; 12th August 2008 at 17:12.

  2. #2
    Choto Cheeta's Avatar
    Choto Cheeta is offline Trusted Member
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  3. #3
    tweakwindows's Avatar
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    I was shocked by reading it's price!! 32K?

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