We believe the data points to a significant amount of iPhone channel inventory. … This is negative in two ways: 1) It indicates end-user demand for iPhone is lower than many investors may think based on Apple’s sales figure; and 2) it points to slower iPhone sales in the current quarter, since much of this inventory is likely to be drawn down.”
–Noting that AT&T, the iPhone’s exclusive U.S. carrier, has activated “just at or just slightly under 2 million” iPhones, Sanford C. Bernstein financial analyst Toni Sacconaghi suggests that the “4 million iPhones sold” figure Apple CEO Steve Jobs offered at Macworld is inflated.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
