Analyst: Apple sold 500,000 iPhones over the weekend
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Over the weekend following the iPhone's Friday night debut, Apple Inc. sold more than half a million of popular devices, according to PiperJaffray's Gene Munster.
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Apple's iPhone became the biggest selling smartphone in the U.S. in July, according to iSuppli.
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Apple Inc's  chief Steve Jobs said on Tuesday the company had sold 4 million iPhones.
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(InfoWorld) - When Apple launches the iPhone on Friday, it is set to get a jump on its competitors and spark a flurry of new phone designs, regardless of how well the device actually sells. By introducing a combined smartphone, mobile e-mail platform, and MP3 music player with a touchscreen interface, Apple has sent other hardware vendors running back to their drawing boards. And the company has enjoyed positive press coverage since CEO Steve Jobs announced the iPhone in January, analysts said. Apple is feeding the fire with strong advertising in its retail stores. On Monday, staffers at the Apple store in the Cambridgeside Galleria mall in Cambridge, Massachusetts, wore black T-shirts with the logo "the wait is almost over," printed above an image of a calendar page for Friday, June 29. iPhone anticipation has already created a "halo effect" of increased sales for Apple's notebook and desktop PCs, an impact that is likely to increase after the launch, according to a report from ChangeWave Research. Apple posted a strong profit for the last period despite struggling with a U.S. federal investigation into executives backdating their stock options. In April,Â Apple beat Wall Street expectations by posting a profit of $770 million for the second quarter, an 88 percent rise from that period last year. Because the company has already garnered media attention and a sales boost from iPhone demand, Apple will suffer little damage even if the device is a flop in retail sales, one analyst said. "No way Apple will seriously impact Nokia or Motorola or Samsung, who combined sell over a billion phones a year. But if Apple manages to sell several million, then that is probably pretty good for their overall business," said analyst Jack Gold, founder of the research firm J. Gold Associates. "I think the potential gold mine is in the services, not the phone hardware." The iPhone will bring new subscribers to Apple's iTunes online music store, and Apple could make more money if it decides to launch future wireless mobile products like navigation, location-based services, VoIP telephony, and video streaming, Gold said. In the meantime, Apple has already given a headache to competitors scurrying to catch up, such as Motorola, Samsung, and LG Electronics. Even vendors with comparable products -- like Nokia's N Series and High Tech Computer's HTC Touch phones -- lack Apple's cachet and will have trouble competing on store shelves, he said. In fact, some experts are warning that iPhone sales could fall short of Apple's high expectations. Their criticism includes potential user confusion about Apple's "virtual keyboard," a battery that may fade too fast and is not user-replaceable, andÂ resistance by some corporate IT departmentsÂ to the added expense and security risk of supporting mobile e-mail networks in addition to the servers they use to support Research in Motion's BlackBerry device. Those drawbacks could limit the iPhone's success in the business market, said Shaw Wu, an analyst with American Technology Research. Still, the iPhone will be popular with those who tend to use smartphones more by scrolling through menus than typing long messages and who have made Apple's iPod music player a huge hit despite similar concerns about its battery, Wu said. Likewise, consumers will likely shrug off corporate security concerns and use mobile e-mail systems from GoogleÂ and Yahoo. In the long run, Apple will use the iPhone to beat its competitors in creating an end-to-end channel for digital media, spanning from Mac PCs to the mobile iPod music player, iTunes online store, and Apple TV set-top box for sharing Internet and television video content. The only thing Apple could do to spread that net even wider would be to offer iPhone models at less than the current $499 for a 4GB version and $599 for the 8GB, Wu said.
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- Apple Inc.  starts selling on Friday  the iPhone, which combines a wireless phone with music and  video-playing capabilities and Web browsing. The device is one  of the most highly anticipated U.S. product introductions of  the year.
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Apple Inc. has sold its millionth iPhone less than three months after the deviceâs debut, allaying investor concerns that demand had slowed.
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Analysts are mulling over&#160;Apple&#39;s iPhone sales numbers&#160;and are alarmed at a perceived discrepancy in the figures.Apple claims slightly over 3.7 million iPhones were sold in 2007 -- yet&#160;AT&amp;T this week revealed&#160;it ended the year with &quot;just at or sightly under two million iPhone customers&quot;.That two million has been boosted somewhat by an estimated 300,000-400,000 sales in Europe, analysts believe.The discrepancy is that the 3.7 million iPhones Apple says it has sold and the estimated 2.4 million sold by its network partners still leaves 1.3 million of the devices unaccounted for.That implies that around one in three iPhones are being purchased in order to&#160;unlock the device&#160;for use on other networks and/or for use with unapproved third party applications.While it&#39;s possible some iPhones were sold over the Christmas period but not activated immediately as new users (perhaps) worked to cancel their existing mobile contracts, the discrepancy still implies an active market for unlocked iPhones.Apple chief operating officer Tim Cook told analysts this week that the company believes the number of unlocked iPhones in the wild to be &quot;significant,&quot; but declined to furnish accurate figures.Toni Sacconaghi of Bernstein Research cites these figures in order to claim a substantial market in unlocked iPhones, and speculates this news may also mean a build-up in iPhone inventory.&quot;It indicates end-user demand for iPhone is lower than many investors may think based on Apple&#39;s sales figure -- and it points to slower iPhone sales in the current quarter, since much of this inventory is likely to be drawn down,&quot; the analyst explains.Macworld.co.uk is an InfoWorld affiliate.
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SAN FRANCISCO - Apple on Monday reported its second-best quarter on record sales of Macintosh computers, iPod music players and its new iPhone.
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Apple Inc  blew by  analysts' estimates with a 67 percent rise in profit on Monday  as the popularity of its iPhone and iPod boosted Macintosh  computer sales, and its shares jumped 7 percent.
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Apple Inc. sold its millionth iPhone on Sunday, just 74 days after the combination cell phone-iPod went on sale and less than a week after its price was cut by a third.
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It's sort of a mushy number, but Apple said yesterday that it thinks 250,000 of the 1.4 million iPhones sold so far were bought with the intention of unlocking them from AT&#38;T's network.
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Taiwanese smartphone maker HTC sold 2 million of the Microsoft-based mobile phones it developed to compete with the iPhone last year, the &#39;Touch&#39; family of handsets.At last week&#39;s Macworld Expo in San Francisco Apple CEO Steve Jobs said his company had sold 4 million iPhones since launch.The HTC Touch&#160;uses Microsoft Windows Mobile 6 software and has a touch screen that takes up most of its face, similar to the iPhone. The Touch was launched in June of last year, just weeks ahead of the iPhone.The company sold 11.8 million handsets overall last year, an roughly 12 percent increase over 2006, executives said.Strong sales of the handset helped HTC&#39;s revenue grow nearly 12 percent last year as well, and the company already sees good prospects for the first quarter of this year.&quot;The first quarter looks good, it will be a lot better than our first quarter last year,&quot; said Peter Chou, president and CEO of HTC, at a year-end party Friday evening. Companies in Taiwan and throughout China typically host parties around this time of year as the Lunar New Year is approaching.Some of the global economic issues that have hurt stock markets, including subprime mortgages and fears of recession in the U.S. have no impacted HTC so far in the first quarter.&quot;We&#39;ve seen no impact from global economic turmoil. We feel pretty good about this quarter,&quot; said Chou.&#160;
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Apple will produce 2.7 million iPhones in the next quarter, which is almost double its original plans, according to reports.
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Analysts are alarmed at a perceived discrepancy in the figures in iPhone sales figures.
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The iPhone was the fourth highest-selling handset in the US in the third quarter, according to data compiled by research firm Strategy Analytics.
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Apple Inc.  sold about 525,000  iPhones at Apple and AT&T Inc.  stores in the first  weekend since its June 29 launch, the Los Angeles Times  reported on Monday, citing an analyst.
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SAN JOSE, Calif. -- Apple Inc. sold its millionth iPhone over the weekend, days after it slashed the price by a third to spur sales.