Print 30 comment(s) - last by crystal clear.. on Jun 27 at 6:11 PM

Greg, first in line for iPhone, displaying a sign (Source: Gizmodo)
Apple to sell nearly 400,000 iPhones on launch day to rake in over $200 million in revenue

With the hype surrounding the iPhone, it should surprise few that there are already eager consumers lining up to be the first to purchase Apple’s latest consumer electronic.

Beginning on Monday, four days before the launch of the iPhone, two men were spotted outside the Apple Store Fifth Avenue in New York. The men sat on camping chairs had with them equipment and supplies for the wait until Friday.

Gadget blog Gizmodo spoke with Greg, first in line, finding out that he is single, retired and loves to camp. Reportedly, Greg also camped out in a similar fashion during the PlayStation 3 launch.

Unlike the PlayStation 3 launch, the iPhone is widely believed to be available in adequate quantities. BusinessWeek’s sources say that Apple will have 3 million iPhones ready on launch day – while analysts are pegging the iPhone to sell only that many in its first year.

Analyses from postulate that Apple could sell nearly 400,000 iPhones on launch day. Current rumors say that each store will have between 100 to 250 units on-hand, though AT&T representatives are declining to reveal any exact numbers, only to add that each store will have “a healthy supply” of iPhones.

Last January in an interview on, investment guru and founder Jim Cramer admitted his tendency to engage in Apple rumors, claiming, "Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple."

With approximately 1,962 stores (162 Apple and 1,800 AT&T) in the U.S. set to sell the iPhone on launch day, an estimated 200 phones per store equal 392,000 units – adding up to more than $200 million in revenues on June 29.

To help cope with the added demand from consumers looking to purchase the iPhone, AT&T is adding 2,000 temporary workers.

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Seems strange to me
By retrospooty on 6/26/2007 10:54:03 AM , Rating: 5
that people would fork over that much cash on a product that has very little unbiased reviews out there (if any). I have seen Zero, except Apple PR, which can be totally false.

I mean, it looks nice and all, GREAT UI, but the feature set is not at all revolutionary and we don't even know if it works 1/2 as well as Apple claims it to work.

RE: Seems strange to me
By h0kiez on 6/26/2007 11:30:06 AM , Rating: 2
I can confirm that it works every bit as well as Apple says it does on Wi-Fi.

disclaimer : never use the iPhone on AT&T's 2G data network.

RE: Seems strange to me
By retrospooty on 6/26/2007 12:56:21 PM , Rating: 1
having Wifi is a nice addition to a smartphone, but the "phone" part is the key (when you are away from Wifi most of the time). Kind of useless on 2g network.

RE: Seems strange to me
By S3anister on 6/26/2007 11:24:23 PM , Rating: 2
it's 3G not 2G and yes 3G does suck for any phone... it drives me nuts

RE: Seems strange to me
By AstroCreep on 6/27/2007 10:38:08 AM , Rating: 2
Especially considering it's a first-gen Apple product!

That was a joke, fanboys, not flame-bait. :p

RE: Seems strange to me
By masher2 on 6/26/2007 12:13:10 PM , Rating: 3
I had an opportunity to briefly play with one, and I was very impressed. I won't camp out for 3 days, but I intend to buy one when they're available.

RE: Seems strange to me
By TomZ on 6/26/2007 4:43:51 PM , Rating: 4
Wow, masher's sold on the bling! Who would have thunk it?

RE: Seems strange to me
By crystal clear on 6/27/2007 6:11:29 PM , Rating: 2
Yes only one guy !

The guy who claims to have "REINVENTED the phone"

RE: Seems strange to me
By spluurfg on 6/27/2007 3:51:48 AM , Rating: 2
I'll buy one when they allow you to change the SIM card... apparently it's not practical to open the thing. I also need quadband GSM phones since I travel a lot... hope Apple considers world users next time. Till then, I'll just have to settle for smartphones =P

Just out of curiosity -- the iPhone is boasted as being suitable for browsing and internet, but to my knowledge only T-mobile has UMTS/HSPDA support now/planned... Is AT&T making its users browse by GPRS? And I wonder how much they will charge...

RE: Seems strange to me
By spluurfg on 6/27/2007 3:54:42 AM , Rating: 2
Oops, on further research AT&T has an EDGE network and the iPhone supports it. Still, hope they have an HSPDA iPhone... 3.6mbps should be fun on that thing =P

RE: Seems strange to me
By MonkeyPaw on 6/26/2007 8:00:23 PM , Rating: 3
Never thought I'd see the day when people would camp out for a 2 year service contract!

Gotta hand it to Apple--getting people to commit 3-4 vacation days to sleep on the pavement, $499-599 for the phone, and then $1500-2400 for service for 2 years. And just think, these people haven't even used the thing yet. I wonder if Applecare will be a $150 option?

By FITCamaro on 6/26/2007 10:53:27 AM , Rating: 2
Is there no sad and pathetic thing people won't do?

RE: truly
By Imperceptible on 6/26/2007 10:58:41 AM , Rating: 3
I once lined up for 2 weeks for a Banana ePhone. I only really bought it for the sexy Banana logo on the front of it.

RE: truly
By rushfan2006 on 6/26/2007 10:58:33 AM , Rating: 3
I agree with you there.

I do know this has to be akin to a some kind of drug induced high if you are the manufacturer and/or seller of the product.

I mean think about it - you invent/market/create some kind of product and people camp out to buy it - regardless of the ridiculous price you stamped on it....the customers are pretty lame/insane - but man I'd be flipping out with excitement as the seller/creator of said product.


RE: truly
By Griswold on 6/26/2007 1:25:14 PM , Rating: 2
Idiot moves in mysterious ways.

By exdeath on 6/26/2007 10:02:13 PM , Rating: 4
The things people do that they think will make them feel special.

I bet 99% of these will end up hanging off belts in plain view or out car windows or displayed on restaurant tables and in movie theaters. They will be on the brightest and loudest possible settings and hardly ever actually get used for anything useful or productive other than to say "look! I have one!"

The "I must have the latest electronic rotating flashing beeping singing dancing pocket gadget to show all my friends, neighbors, and coworkers, even though I don't need or care for it otherwise" thing is getting irritating.


By GodLovesPunk on 6/27/2007 2:04:58 AM , Rating: 2
Well you obviously care enough to post saying YOU don't care.. ;)

That guy is actually...
By Lazlo Panaflex on 6/26/2007 11:01:22 AM , Rating: 4
homeless & will be receiving several sandwiches for holding the Apple fanboi's spot...

Someone get him a bar of soap, for cripes sake...LOL

By WileCoyote on 6/26/2007 11:52:01 AM , Rating: 2
My brother-in-law works at a Cingular/AT&T in Northern Virginia and said they're getting 10 phones.

RE: hmmm
By Durrr on 6/26/2007 12:37:17 PM , Rating: 2
Only 3 in Branson, MO

By exdeath on 6/26/2007 10:13:25 PM , Rating: 2
It's the same thing as this:

Anybody ever see photos of peoples desks for example that conspicuously have a PS3, Xbox 360, and Wii present when they aren't even related to the photo? Sometimes in the unopened box and without a single game.


Posting pics and sharing your accomplishments or experiences with a certain product and being proud of something is one thing, but usually that is just sharing after the fact; you got it because you wanted/needed it and screw everyone else.

But some people it seems just like to collect things to sit on their shelves like figurines so they can post their 'me too' pictures on the internet. How many people I wonder bought a PS3 on launch day without a single game to play on it just to go home and take a picture and post it on the internet?

Sad sad sad insecure people.

But hey, I won't complain, one day it could be me taking their money for some must have product that cost me $15 to make lol.

By exdeath on 6/26/2007 10:29:47 PM , Rating: 2
Oh and I don't mean a new car or a new big screen or something of obvious excitement to most people...

I mean some people must spend like 15 minutes polishing their $50 cell phone, propping it half open, and adjusting the angle of it on their desk before taking a picture of their desk or PC or something...

*spits loogie/jerks off*

missing features..
By tyildirim on 6/27/2007 12:50:51 AM , Rating: 2
I'm an european may be it is not the right time for speaking US only iphone but:) according to the reviews in engadget: no ringtone assignment, not even from a mp3. no a2dp, no video recording on camera, no mms,no name searching in phone book (only scrolling) I think these are big flaws in the big 5 club nowadays (nokia, motorola,samsung,sonyericsson,lg) maybe these features are not so important in US but people pay alot of attention in europe... we'll see... but I think we will have a updated version very soon.....

RE: missing features..
By hubajube on 6/27/2007 12:07:35 PM , Rating: 2
They're important here too just not important with the "I gotta have it" crowd. Fads rarely ever make sense and the iPhone is a fad that's all.

if they have the money
By rdeegvainl on 6/26/2007 10:59:12 AM , Rating: 2
and the time, I certainly don't, still doesn't stop them from looking weird.

Greg is single?
By Desslok on 6/26/2007 2:00:46 PM , Rating: 2
I am shocked by that tidbit of info!

That headline photo is classic he looks either drunk or stoned.

By Oregonian2 on 6/26/2007 2:44:54 PM , Rating: 2
Someone who is going to shell out big bucks for an iPhone + service plan is asking for food donations in a hand held sign? "What's wrong with that picture"?

By dajeepster on 6/26/2007 8:43:42 PM , Rating: 2
already on ebay... there are even people selling places in line... rofl

hmm... nope... still don't need an iphone

Stating the Obvious
By InternetGeek on 6/27/2007 2:14:50 AM , Rating: 2
Greg, first man in the line, has a good eye for over-hyped products that turn out bad.

insanity at its best
By HardwareD00d on 6/26/07, Rating: 0
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
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