Apple iPhone sales disappoint
p2pnet news | mobiles:- An intense and constant mainstream media PR barrage notwithstanding, Apple’s iPhone hasn’t sold in the numbers expected, causing stock to fall 6%, yesterday.
And, “Activations from AT&T Inc., the exclusive carrier for the iPhone, are a ‘disappointment’,” Bloomberg News has Piper Jaffray & Co. analyst Gene Munster stating.
Prohibitive requirements and iPhone’s high price have undoubtedly had a bearing on the disappointing sales.
To be use the $500 to $600 iPhone, pricing depending on capacity, consumers must first open accounts with Apple’s iTunes and are then locked into restrictive contracts with AT&T.
“It remains unclear how many iPhones were sold but not activated by AT&T in the two days that came at the end of the second quarter, and AT&T Chief Financial Officer Rick Lindner did not give sales figures,” says Reuters, adding:
“AT&T shares fell nearly 0.9 percent.”
Also See:
Bloomberg News – Shares fall on soft demand for iPhone, July 25, 2007
Reuters – AT&T profit up on wireless, but iPhone disappoints, July 24, 2007
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