iPhone sales triple after $200 price cut

[JOLLYWOG]

Now, we at least have some idea of the numbers showing us how Apple got to 1 million iPhone sales sooner than expected.

I didn't realize the Christmas buying season started in September but according to all the holiday catalogs I've been getting recently I guess it does.



http://blogs.business2.com/apple/200...-price-cu.html


September 11, 2007

Report: Price Cut Bumped iPhone Sales Three-Fold

Piper Jaffray's Gene Munster, whose 50-hour survey of Apple (AAPL) stores produced the most definitive estimate of iPhone sales to date, has combined his data with yesterday's report that Apple sold its 1 millionth iPhone on Sunday to calculate the effect of last week's 33% price cut.

By Munster's reckoning, Apple and AT&T (T) were selling an average of 9,000 iPhones a day before the price reduction, which would have put their quarterly sales at 594,000 as of Sept. 5. The two companies had already sold 270,000 phones in the previous quarter. To reach 1 million by Sept. 9, they would have had to sell 136,000 more phones, or 27,000 a day -- a 200% increase.

The new rate, Munster writes in a report to clients issued yesterday, "clearly represents an initial surge that is not sustainable." He estimates that sales will stabilize at a 50% increase.

By the end of the quarter, he believes, Apple will have sold a total 1.28 million iPhones.


Posted by Philip Elmer-DeWitt on September 11, 2007 at 5:45 AM in iPhone | Permalink

[krossmusic]

May I ask and I ask this kindly why are people so interested by the sales. Yes I know the OBVIOUS answer but, there not gonna drop this product like other bombs by apple. This is a long-term stratigic plan buy apple...look at the fcc news....

ANd the phone is not a bomb anyway...

[oriolesfan23]

Maybe this spike in sales will make Apple so happy that they will give us all $200 back!

[jUeLz23]

they got my money wen they dropped the price.

[WHODAT]

I bought my wife a 4gb when they dropped the price. I sold her treo 750 for $250 so it was worth the upgrade.

[IndyJonez]

The more people with iphones the better!

That just means when apple doesn't update anything worth a crap in 6 months, there will be more people to bitch, therefore apple may listen!