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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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

"We are going to continue to work with them to make sure they understand the reality of the Internet.  A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
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