Looks like Reality is setting in. Two days worth of bad news cant be good.....
Archived: iPhone
Posted Under: Off-Topic
Re: iPhone
07/24/07 4:33 pm | #46
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Re: iPhone
07/24/07 8:04 pm | #47
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Whoa whoa, hold up. Didn't that quarter end June 30th? and the iPhone came out June 29th at 6pm? 146,000 iPhone activations in 30 hours is bad news? Also, there were activation issues in the first few days of the release.
Plus they sold out of iPhones in stores across the country. How could they have expected to sell more than they had?
Re: iPhone
07/24/07 8:13 pm | #48
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Quote by Pastafarianism:
Whoa whoa, hold up. Didn't that quarter end June 30th? and the iPhone came out June 29th at 6pm? 146,000 iPhone activations in 30 hours is bad news? Also, there were activation issues in the first few days of the release.
Plus they sold out of iPhones in stores across the country. How could they have expected to sell more than they had?
Plus they sold out of iPhones in stores across the country. How could they have expected to sell more than they had?
The guys that matter (the investment analysts) were expecting 200,00 - 500,000 activations in those two days. With phones selling out, that means there were many heading for the secondary selling market (e-bay), activation issues or people that did not activate when they got their phone. All that means is that the hardware (which they were basically breaking even on after R&D) had a nice sales windfall, but the Activations and usage charges will fall well below expectations. IF they have a make up in activations in Qtr 3, then it will be a non-issue.
I'm just pointing out that no matter what happenned, it didn't meet wall streets expectations and Apple stock went way down today.
