Summary:

Early speculation was that Verizon’s day one pre-order sales were somewhere in the order of 100,000 devices, but JPMorgan analyst Phil Cusick thinks the real figure could be more than five times larger, with over 500,000 sold before pre-orders were cut off.

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Early speculation was that Verizon’s day one pre-order sales were somewhere in the order of 100,000 devices, but JPMorgan analyst Phil Cusick (via The Street) thinks the real figure could be more than five times larger, with over 500,000 sold. Verizon broke its previous record in only two hours, which was held by the Motorola Droid which saw 100,000 total sales in a single day on Nov. 6, 2009.

Cusick’s estimates for Verizon’s iPhone sales are based on the fact that the provider and Apple continued to take orders for another 15 hours after the record set by Motorola’s Android-powered device was broken, and on the pace of sales he’s established from that information. The Verizon iPhone should easily continue to outpace the Motorola Droid’s performance once it officially goes on sale beginning 3 A.M. this Wednesday, Feb. 10., putting it on track to becoming the best-selling handset ever offered on Verizon’s network.

500,000 pre-order sales would put the Verizon iPhone 4 nearly on pace with the original GSM version of Apple’s latest smartphone, which sold 600,000 during its initial pre-order run with AT&T back in June of 2010. Recall that all of Verizon’s orders to date have been limited to existing customers, and it becomes evident that once it opens up sales to new customers, the Verizon iPhone 4 could easily catch up to and surpass the launch-time performance of its AT&T predecessor, despite the hardware having already been on the market for eight months at this point. Android’s market share may be growing, but there’s no single Android device that has that kind of power with consumers.

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