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AT&T Earnings Show iPhone Not that Big of a Hit |
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AT&T Earnings Show iPhone Not that Big of a Hit
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By Allen Tsai | Wed Jul 25, 2007 5:55 am |
AT&T said today that it activated 146,000 iPhones after the first two days of sales, which fell on the final days of the second quarter. Apple shares fell the most in six months after analysts said demand may be slowing for the iPhone, which Chief Executive Officer Steve Jobs expects to become the company's third major business. This is way below analysts' estimates, which had ranged from 500,000 to 1 million.
The iPhone - part iPod, cell phone and Internet device - was first announced in January. Jobs has projected sales of 10 million iPhones in its first year. With two models priced at $499 and $599 depending on storage capacity, that would generate more than $5 billion in additional retail sales. Apple's shares had climbed from about $95 in January to a record high $143.75 on Friday.Analysts cautioned against reading too much into AT&T's activation numbers, saying the actual number of iPhones sold may be much higher but was not reflected in the figure because many users had activation problems and couldn't sign up for a few days. Weighing 135 grams (3.8 ounces), the iPhone has an Apple OS X operating system and 4 or 8 GB of storage. It is able to play videos as well as music and has a 3.5-inch screen. - Apple iPhone Specs
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Thu Feb 09, 2012 11:10 am | By
Apple will hold a launch event for the iPad 3 in the first week of March, as the company updates its tablet to stay ahead of rivals.
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Wed Feb 08, 2012 4:09 pm | By
Apple is facing increasing animosity over working conditions at its Chinese factories, as protestors gather to demonstrate against the iPhone maker's controversial labor issues.
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Wed Feb 08, 2012 2:30 pm | By
Carriers are struggling with the financial burden of iPhone subsidies, offsetting the cost of carrying Apple's coveted device with broadening product line-ups and raising plan prices.
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Wed Feb 08, 2012 1:49 pm | By
Apple is asking European regulators to rewrite existing fair use patent laws, a move positioning Apple to make millions off existing technologies as its legal battles stumble.
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Wed Feb 08, 2012 12:12 pm | By
Apple hasn't improved factory working conditions, a teenaged worker told CNN, adding controversy to the iPhone maker's Chinese labor troubles.
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More Phones: Apple | AT&T |
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Editorials & Opinion
By Margaret Rock
The 54th Grammy Awards is just days away, and the show will harness mobile and social media technology as old media tries to keep pace with new trends among its viewing audience.
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