Filed under: Apple Financial, Apple, iPhone
Apple Sells Half a Million iPhones in the First Weekend
The first numbers are in and it looks pretty good for Steve Jobs, Apple, and the iPhone. According to market research firm Piper Jaffray, Apple sold about 500,000 iPhones from 6 p.m. on Friday through end of business Sunday night -- 300,000 more than the market research firm originally estimated the company would sell. In a report released by Piper Jaffray's Gene Munster, it was also revealed that ninety-five percent of buyers in San Francisco, New York and Minneapolis purchased the 8GB model iPhone (myself included) instead of the 4GB one. Also, about half of the 253 buyers surveyed were new customers to AT&T.
So, let's see, what's 500,000 times $650? Actually, I think I might need a calculator for that one. Someone hand me an iPhone.
Reader Comments (Page 1 of 2)
Marcus said 8:21AM on 7-02-2007
That would be $325,000,000 in sales of the 8GB, which is pretty stellar, but that's a pretty rough number, since I'm too lazy to do the calculations of 95% of 500,000 blah blah blah blah.
This is great news, however. Has this set a record of any sort??
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nosidam said 8:28AM on 7-02-2007
Why $650? Oh, you're counting tax. Don't.
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andrew harrison said 8:30AM on 7-02-2007
quick maths:
95% of 500,000 = 475,000 * $599 = $284,525,000
5% of 500,000 = 25,000 * $499 = $12,475,000
total sales = $297,000,000
that's a pretty big weekend
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Chris Masto said 8:35AM on 7-02-2007
But I read on the Internet that the iPhone was going to be a flop.
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greatslack said 8:35AM on 7-02-2007
.95 x 500,000 x $599 + .05 x 500,000 x $499 = $297,000,000. Anyone want to snap up some AAPL stock before the NYSE opening bell?
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Joram Oudenaarde said 9:03AM on 7-02-2007
Personally I still think the price is too high, even though it's 100% worth it. It's not a price most normal Apple fans can cough up imho ;)
Having said that: Can't wait to have one, hehe.
The only thing missing in that thing is a TomTom-like navigator and MMS. Those are the only 2 things I really "need" in my phone.
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Danny said 9:04AM on 7-02-2007
could anyone please forward those figures to mister balmer (redmond, isn't it?). I think he might like this as an info together with a previous statement of his regarding the price of the iPhone.
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Brian Holdsworth said 9:09AM on 7-02-2007
I don't think I will miss MMS on my iPhone. The rich e-mail and its integration with the photos and camera apps make MMS look like a toy.
I don't think I will miss having GPS because the Google Maps app works really well, is more powerful than regular GPS, and I rarely do not know where I am or cannot locate a street sign. You only *need* GPS if you are lost, or you are off-streets hiking or biking.
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chnepr said 9:11AM on 7-02-2007
Didn't the PS3 open up with 520,000 consoles in Europe it's first weekend?
What's the big deal?
But then again, The Zune took nearly 8 months to get to 1,000,000.
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c h r i s said 9:16AM on 7-02-2007
And MS only sold 1.000.000 zunes?
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Quix said 9:24AM on 7-02-2007
Brian, I'm not sure what you mean by Google Maps being "more powerful" than regular GPS. The nice thing about GPS is its auto recalculation ability, i.e. if you run into traffic or a construction detour (or simply miss a turn), your route is recalculated for you. Add to that the voice prompting of a typical car nav system, and you see the iPhone is definitely a poor man's approach (in a rich man's device).
Which is a shame, really. Had Apple thrown in a GPS chip, the iPhone would have made a brilliant portable car navigation system and would have made it, for me, the perfect all-in-one device.
Ah well, maybe in v.2 (though I'm still buying v.1). But I do have my fingers crossed for support of Bluetooth GPS modules for v.1 sometime down the road.
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Lerxst said 10:33AM on 7-02-2007
Bloomberg is counting 200,000 units instead, which makes me wonder (for both cases) where the heck they get such numbers from.
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basscadet said 10:55AM on 7-02-2007
I wouldn't be worried about the sales' numbers but about the usability/bug flaws of the iphone. Let's face it, the lemmings would overwhelm the market anyway on 29th, it's the sales after the launch + the keeping up of the hype that will prove its success or doom. Seeing that there are no major flaws (apart from the temporary AT&T activation process chaos), what remains now as a boost for sales is what it does vs how much it costs. People will weigh those two and decide.
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Kevin said 11:42AM on 7-02-2007
Does anyone have Steve Ballmer's address? I have some crow I need to send him to eat.
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Thom said 11:57AM on 7-02-2007
Yes, but let's not forget all the accompanying accessories sold at the Apple stores, plus the probable surge in iTunes Music Store sales of songs, videos, etc.
While not statistically accurate, everyone I know who grabbed an iPhone this weekend probably spent at least an additional $50 or so on top of the phone purchase.
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Greeneyes said 12:00PM on 7-02-2007
"
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artifex said 12:30PM on 7-02-2007
Now maybe the 50K of you with activation issues will yell just a little quieter. That's an amazing load on a system.
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FrankMcBilboWinker said 2:12PM on 7-02-2007
Zune comments make me LOL.
Already iPhone has more users than Helio has subscribers.
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punkassjim said 3:00PM on 7-02-2007
I'm not sure why anyone mentioned MMS anymore. Why would you use up one of your 200 text messages to send someone a picture, when you can just email the pic to your recipient's phone? I know VZW allows you to email someone's phone number at vzwpix.com. I've tried it, and it works like a charm. I'm sure other carriers have an email alternative for getting MMS messages onto their subscribers' phones.
A little more on-topic, I'm sad to say I haven't bought an iPhone yet, but I'm happy about the reason: I'm not going to buy it until I can get the bluetooth headset on the same receipt. Just in case there's fine print in the AppleCare about joint coverage (like buying a monitor with a computer, as opposed to buying them separately).
I can wait, but it's painful.
By the by, Applecare will be $69, "available in July," and Apple has released a $79 (plus shipping) price tag for out-of-warranty battery replacement on the iPhone. Saw it on their site earlier, but now I can't find it.
http://www.apple.com/batteries/iphone.html
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Sam said 3:49PM on 7-02-2007
Adding a floater to my home insurance policy with MetLife only cost $10/year covering "any and all" risks, with no deductable. First thing I did when I got home!
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