New iPhone 3G is in 1 Million Sales in 1st week
Posted on Jul 15, 2008 under Mobile technology |
The great news for iphone users that the record sales volume of iphone is in its first week in the world market. From the forbes.com we find this iphone related news-
In its first weekend of sales, Apple’s 3G iPhone connected with consumers, pushing sales to one million units after just three days on store shelves. Despite software glitches and collapsed servers, analysts declared the launch a success and expect Apple to surpass its goal for ten million sold iPhones by the end of the year.
Quickpost this image to Myspace, Digg, Facebook, and others!
“IPhone 3G had a stunning opening weekend,” said Chief Executive Steve Jobs Monday. “It took 74 days to sell the first 1.0 million original iPhones, so the new iPhone 3G is clearly off to a great start around the world.”
Apple (nasdaq: AAPL - news - people ) shares gained $1.30, or 0.8%, closing Monday’s session at $173.88.
The company sold 270,000 units of its sleek smartphone/iPod crossbreed when it launched its first version of the device in June 2007 in the United States. The third-generation wireless, or 3G, version, however, premiered in 21 countries this weekend, overloading the company’s servers as thousands of new iPhone users rushed to rig their new gadgets with software (see ” Apple Has An iGlitch”). The bogged servers also affected owners of the original iPhone who tried to equip their phones with software updates, which left the phones untouchable this past weekend (see ” iPhone Jams”).
The Cupertino, Calif.-based company said downloads at its online App Store exceeded 10.0 million since its launch last week as iPhone and iPod touch users nabbed new software, including the more than 800 third-party games, tools and other applications now available for Apple handhelds.
Part of the phone’s appeal is its price. At $199, the new version is 60.0% cheaper than the original’s starting price of $499. It also boasts a faster Internet connection and a global navigation system hookup in addition to the easily organizable touchscreen and sleek design that made the original a must-have for gadget geeks and connectivity cravers. (See ” The Real iPhone Arrives.”) Apple expects to sell 10.0 million iPhones this year. The phone is currently available across Europe, Australia, Mexico, Japan and in North America and Hong Kong. The phone goes on sale in France on July 17.
Analysts are already projecting that Apple will surpass its own expectations. Mark Abramsky of RBC Capital Markets, expects Apple to ship 14.0 million iPhones by the end of this year and 24.0 million by the end of 2009. Although the 3G’s low price makes it more financially appealing than its predecessor, the new version carries heftier service fees and the battery doesn’t hold its charge as long.
“However,” Abramsky said, “iPhone 3G’s features/battery life still outpaces other 3G phones and the iPhone remains unmatched by competitors.”
Caris & Co., which said a major Apple store in Tokyo sold out of the phone over the weekend, raised its year-end earnings estimates to $5.33 a share from $5.32 for 2008 and to $6.23 a share from $6.21 for 2009. The mean estimate of analysts polled by Thomson Financial is for 2008 earnings of $5.20 a share and 2009 earnings of $6.38 a share.
Reuters contributed to this article.
Tags: iphone, new iphone
Stumble it!
