Monday, June 22, 2009
The S Is for “Sales,” Not “Speed”…
Looks like Piper Jaffray analyst Gene Munster’s second estimate of Apple’s weekend iPhone sales underestimated demand just as badly as his first. Apple didn’t sell 500,000 units of the iPhone 3GS over the weekend, as Munster first predicted. Nor did the company sell 750,000 as he said in a research note this morning. It sold over one million. Moreover, downloads of Apple’s new iPhone 3.0 software, launched last Wednesday, have already reached six million.
Piper Jaffray analyst Gene Munster was right. The iPhone 3GS didn’t sell as well as the iPhone 3G did during its launch weekend last year. But it did quite a bit better than he thought. In an investment note issued this morning, Munster estimated the company sold 750,000 iPhones over the weekend.
“iPhone 3G S Available at AT&T Tomorrow.” That’s the title of the press release that just landed in my inbox–even as the lines form in New York City and Tokyo. Never hurts to state the obvious, I suppose.
