backtop


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 TheStreet.com 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 TheStreet.com, investment guru and TheStreet.com 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.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

missing features..
By tyildirim on 6/27/2007 12:50:51 AM , Rating: 2
I'm an european resident...so 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.


“So far we have not seen a single Android device that does not infringe on our patents." -- Microsoft General Counsel Brad Smith

Related Articles













botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki