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Summary:

[qi:053] Apple is taking it on the chin, well because AT&T didn’t meet the inflated expectations of analysts. activations. A friend of ours emailed to point out the grand delusion of Wall Street in what has to be the funniest email of the morning: Analysts are […]

[qi:053] Apple is taking it on the chin, well because AT&T didn’t meet the inflated expectations of analysts. activations. A friend of ours emailed to point out the grand delusion of Wall Street in what has to be the funniest email of the morning:

Analysts are truly a funny breed. They remind me of my wife when she asks a question, answers it on my behalf, and gets mad at the answer. Case in point, our favorite subject iPhone sales, analyst’s euphoria kept them upping each other till they reached 700,000 units sold over the first two days or weekend. Mind you, not single one showed real analysis. When ATT announced the real numbers of 146K activations, they are suddenly unhappy!

Richard Farmer of Merrill Lynch takes the cake, when he stomps his feet and says, “we expected more days of selling in June.” We know Steve is God, but even he can’t add extra days to June.

Not be Apple’s defense team, which product (not particularly a great one) that carries a $2000 price tag (over two years) sold 146,000 units in 1.25 days (mind you Friday sales started at 6 pm) bringing in a total of around$292 million. Over a period of 30 hours (including night time) equates to 4867 iPhone activations per hour or 82 activations per second minute.

  1. Finally the true figures emerge. I was so sick of hearing the fan boys at Piper inflating these numbers to help inflate the stock price for day traders.

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  2. 146k phones were activated in 1.25 days. Apple hasn’t said how many were sold yet, and one could assume at least a few more were actually sold.

    And saying it cost 2000 doesn’t account for what the end user would have spent on a phone and service elsewhere. If that service were a treo with VZ, the monthly cost for the iPhone is lower.

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  3. Quick correction… 4867/hr is 82 activations per minute, not per second.

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  4. @Peter:
    Still to meet the numbers commonly quoted Apple/ATT would have to sell nearly 4 phones for every one activated. I thought the limit was 2 per customer.

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  5. Will be interesting to see what Apple has to tell tomorrow. Till then it’s all just mental masturbation and supposition as it’s well known AT&T couldn’t handle the activation requests.

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  6. power-by-numbers: 146’000

    146’000 — so viele iPhone Aktivierungen gab es gemäss AT&T Pressemitteilung in den ersten 1.25 Tagen (also im Juni).Rechnen wir ein wenig nach: 146’000 iPhones in 30 Stunden (1.25 Tagen), sind 4’867 …

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  7. OutofContext Tuesday, July 24, 2007

    The Farmer comment is taken WAY out of context. Here is the real quote:

    “We suspect Apple sold at least a couple hundred thousand units at launch,
    though we are less sure of our original 500K estimate, which was set earlier in the
    quarter when we expected more days of selling in June.”

    He had made an estimate before the on-sale date was announced, not imagining Steve added additional days to the month of June.

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  8. om, you are now an official apple fanboy…congrats.

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  9. you know om, you hung your hat on this one from the start…hype was on for you…

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  10. So you misquote the analyst and you pull out the bogus “phone costs $2k” argument. I agree that the phone is average but you don’t help your argument by making it up…

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