Unconfirmed reports indicated high-end sales of over 700,000 iPhones during the first two days of launch (June 29, June 30), and over 1,000,000 in the first few days. iPhones were sold out at most AT&T (NYSE: T) and Apple stores. "Shoppers may have taken home as many as 700,000 iPhones over the weekend, Goldman Sachs Group Inc. analyst David Bailey has estimated, twice his initial projection. Chief Executive Officer Steve Jobs has sought to use the connection to the iPod business, which pulls in about $10 billion in revenue a year, to reach his goal of selling 10 million phones in 2008."
Apple Inc. (NASDAQ: AAPL) stock traded as high as $134.50 on Tuesday, July 10, 2007 marking an all-time high for the company. Apple is scheduled to announce the quarterly earnings report on July 25, 2007 after market close.
Apple may introduce new, cheaper iPhone by Fall 2007
According to Forbes story, in a note to clients, J.P. Morgan analyst Kevin Chang said based on a patent Apple filed in November, he thinks a new iPhone is coming that will cost $300 or less. It is likely to be controlled by a scroll wheel, and might have limited functionality. He said the patent filing showed how to dial a phone number with the scroll wheel.
"We believe it's a strong sign that Apple could potentially convert every iPod nano into a nano phone," he wrote, referring to the company's popular flash memory-based music player.
The nano currently sells for $149 to $249, depending on the amount of included memory. The nano and Apple's shuffle iPod comprise the majority of the estimated 50 million iPods the company sells each year, Chang said.
Chang said there's "a decent chance" that Apple will accept operator subsidies for a cheaper iPhone model, which could sell 30 million to 40 million units in fiscal year 2008.
"The global introduction of this model should be much faster than iPhone, given the former's limited functionality and lower customization requirement," he wroteApple Competition
Motorola Needs To Be Quicker To Prevent The Big Squeeze
CNNMoney.com - 9 Jul 2007
Apple Inc .'s (AAPL) initial success with the iPhone increases the pressure on Motorola Inc . (NYSE: MOT) to move faster to launch exciting new products.With the popularity.....
Apple has not yet announced an European partner for the newly launched iPhone. There is speculation that O2 could be the chosen one.
Apple iPhone Rising - June 29 Liftoff - Top Ten Innovations
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