Full disclosure: I'm long 500 shares of AAPL since May 2005. 
Posted on 07/03/2007 7:31:16 PM PDT by Swordmaker
Apple's iPhone missed a 1 million unit sales target and rivals are rejoicing.
While the much-hyped phone helped AT&T take a big bite out of its competitors' business, industry observers say effects are far from deadly.
Analysts estimate somewhere between 200,000 and 700,000 iPhones have been sold since the debut blitz started Friday evening. And about half of the sales came by winning customers from Sprint, Verizon Wireless -- co-owned by Verizon and Vodafone -- and T-Mobile, the U.S. unit of Deutche Telekom.
The sales goal -- or so-called whisper number -- both internally at Apple and on Wall Street was a nice round 1 million phones.
Missing this hugely ambitious target is hardly a failure, but competitors in the wireless sector are certainly breathing a little easier.
"There's a lot of rejoicing at Sprint, Verizon and T-Mobile," says IAG Research's Roger Entner. "By not selling out, it is still a solid success, but it also proved that not everyone in the country is willing to drop $600 on a new phone."
"For the other carriers, it's not a game changer. It's business as usual again," says Entner.
Sprint shares are up 60 cents, or nearly 3% since the iPhone's debut, and Verizon is up about $1, or 2% in that same time period, as investors buy into a mini-relief rally.
Yeah, there is the dump there not just the pump. Plus I’m not so sure that Cramer was such a hot fund. Did you read any of his books?
“I know the SEC rules. “
Good, and you know they get bent everyday! I’m not sure he is bending at this stage, it would seem to be crazy given the spotlight on him. I thought he had a five day rule...not sure, I can’t stand watching him.
My point is thestreetDOTcom is NOT a reliable source IMHO.
“For those of you that want to build your own iPhone... PARTS LIST FOR iPHONE”
LOL I wonder what ever happened to whatshisname. If he was around maybe he would fill us in on his homebrew cell phone.
Full disclosure: I'm long 500 shares of AAPL since May 2005.
“Besides I hate cell phones anyway, they are so annoying.”
An iPhone is a pretty niffty device (for some) with or without a cell phone.
It’s particularly idiotic, given that every single iPhone that’s been offered for sale has been sold and, based on what I’m reading, will continue to be for at least several months.
Yep, I never heard or read about that number. This is the first time I ever heard of it.
I thought 250,000 was good. Then I heard 500,000 and I thought that was even better. Then I read in USA Today about it being maybe 700,000 and I thought that was fantastic. But, someone comes along and says, “But..., it was supposed to be one million!” — yeah sure... LOL...
Today I read in an article that an internal AT&T memo says there have been one million iPhone activations!!
The link to the article is —
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