AT&T only activated 142,000 iPhones the last 2 days of June

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mm1250

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Jun 23, 2007
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#1
Investors were estimating 500k iPhones sold over weekend. Huge drop in numbers. Got this from Ameritrade real-time news wire. MIght not look good for AAPL stock. Considering cashing out maybee.

AAPL is trading -2.99 now in pre-trading as of 6.40AM CST
AAPL is trading -3.70 6.46AM CST
 

TrippalHealicks

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Mar 2, 2007
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#3
If you look at your little "Stocks" widget on your phone, then you'll see tha AAPL stock is still up, and steadily rising. I dunno much about the financial world, so please don't eat my face if i'm wrong.

I just remember the day I bought my iPhone, it was somewhere around 122$, now it's at 143.70$. Still "Green".
 

mm1250

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Jun 23, 2007
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#4
If you look at your little "Stocks" widget on your phone, then you'll see tha AAPL stock is still up, and steadily rising. I dunno much about the financial world, so please don't eat my face if i'm wrong.

I just remember the day I bought my iPhone, it was somewhere around 122$, now it's at 143.70$. Still "Green".
That's yesterday's close. Today's PRE-MARKET trading is currently at -3.20. But it could go up once market opens in about an hour. I was shocked to hear that they only said 143k sold.

I have no link since this is a through my TD-Ameritrade real-time news wire service. Be sure to watch online through the news, it will start to flood out through AT&T since they reported earnings today.
 

Popdevil

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Jul 2, 2007
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#5
Investors were estimating 500k iPhones sold over weekend. Huge drop in numbers. Got this from Ameritrade real-time news wire. MIght not look good for AAPL stock. Considering cashing out maybee.

AAPL is trading -2.99 now in pre-trading as of 6.40AM CST
AAPL is trading -3.70 6.46AM CST
What are you looking at, markets are closed right now.
 

Platinum

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Jun 27, 2007
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#7
Investors were estimating 500k iPhones sold over weekend. Huge drop in numbers. Got this from Ameritrade real-time news wire. MIght not look good for AAPL stock. Considering cashing out maybee.

AAPL is trading -2.99 now in pre-trading as of 6.40AM CST
AAPL is trading -3.70 6.46AM CST
Being one of the ones that was "stuck in activation" - I would assume that the reason for only 142,000 activations was the activation issues going on with AT&T. There were a TON of people whom bought iPhones and just could not get them activated until Monday, Tuesday of the next week. Actual iPhone sales are much much higher.
 

mm1250

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Jun 23, 2007
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#8
What are you looking at, markets are closed right now.
Markets are closed for the regualar WORLD, its called PRE-TRADING. Certain large firms can trade stocks a few hours before the actual market open.

Goto google
http://finance.google.com/finance?q=AAPL
Look under the large trading price a few lines you will see the PRE-market trading price (its delayed by 20mins.) But I have the real-time quotes. . Now its at -3.40
 

mm1250

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Jun 23, 2007
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#9
Being one of the ones that was "stuck in activation" - I would assume that the reason for only 142,000 activations was the activation issues going on with AT&T. There were a TON of people whom bought iPhones and just could not get them activated until Monday, Tuesday of the next week. Actual iPhone sales are much much higher.

I can't see a huge increase over the activation. AT&T could be assuming the activations that never went through considering people actually signed up for the phone on the weekend but the phone didn't activate till monday-tuesday to show higher activations. If not, maybee add another 50k or so.

I hope AAPL shows real stong earings, I might be able to pick up some more stock at the low price. IT will be risky investment though.
 

spacerog

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Jun 11, 2007
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#11
I hope AAPL shows real stong earings, I might be able to pick up some more stock at the low price. IT will be risky investment though.
I'm actually glad this news hit today, ahead of the earnings. Buy on rumour, Sell on News. Today and tomorrow will be down days. Earnings will be reported tomorrow afternoon. You can listen in here

http://www.apple.com/quicktime/qtv/earningsq307/

I expect good news on iPod and Mac sales. Maybe some sneak peaks on future products and a status on Leopard. It will be bumpy for a few days but the stock will recover and continue its steady climb. Hang on!

- SR
 

spacerog

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Jun 11, 2007
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#12
I just had a thought, that 146K activation number could be just from Friday night and not the whole weekend. That would make sense I think. When does AT&T's month end? Does it end on the last calendar day or the end of the last week day?

- SR
 

Sleeper

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Jul 21, 2007
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#15
The actual sales figure will undoubtedly be higher than 146,000 units although it's unlikely to be anything like the 700,000 units quoted by some overexcited analysts.

I'd guess at about 250-300,000.
 
#16
I guess this is lower the the 3 million # the AT&T guy was quoting me over the phone when he said 3 million people were trying to activate their phone. Of course I thought that was strange even back then and did a Google search and found out the 3 Million # was how much they were expecting to sell or had in stock or something. Anyway I wasn't able to get mine activated to late Sat or early (after midnight) Sunday morning.
 

ATT*Mark

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Jul 7, 2007
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#17
guys keep in mind this isn't iPhone SALES its ACTO's!

this doesn't include all the ebay speculation, iPhones bought for gifts, and all the delayed acto's. i can tell you Apple alloted 300,000 for the opening sales and they were sold out across the country so i know iPhone sales for the 2 days had to be close to 300k. almost every store reported selling out of stock mid day saturday and this includes AT&T and Apple locations.
 

mabigwiz

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Jul 16, 2007
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#18
People are giving more weight to the activation number than they should. Basically you are talking about from 6pm June 29th to Midnight June 30th.

If you add in activation issues
existing AT&T/Cingular users (and there are a lot of them)
Sales on July 1st

your probably right around 200k to 250k phones sold that first weekend which was in line with what people thought.

I know when I bought my wifes on that Saturday I couldn't do the activation until Sunday so theres 1 that fell off. (Of course mine I got on Friday and was activated 10 minutes later)

I do not see anything alarming in whats been reported so far.
 

Jeff

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Jun 13, 2007
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#19
Sour note for Apple as early iPhone sales fail to live up to the hype

By Stephen Foley in New York

Published: 25 July 2007



Gadget-lovers began queuing days in advance, there were breathless reports of phone store shelves being swept clean, and the high demand for activations appeared to overwhelm the telecoms provider's systems, but now we have the first real numbers for sales of the iPhone - and they are a disappointment.


AT&T, the telecoms company with which Apple has teamed up to offer its much-hyped new iPod-cum-mobile phone, revealed that it activated 146,000 of the devices in the first two days - the last two days of June.
The number was mentioned as an aside in AT&T's financial results for the second quarter of the year, but it caused an immediate reaction on the stock market, where Apple shares plunged 5 per cent. They briefly recovered a little but then fell back again to close down 6 per cent.


Analysts had believed US sales of the iPhone that first weekend had been anything from 300,000 to 700,000. Even allowing for the fact that some iPhones may not have been immediately activated - either due to glitches at AT&T or because they were being purchased for resale on eBay - it seems clear that Wall Street had been taken in by the hype surrounding the product's launch.


Apple and its supporters insisted that investors should read little into just two days' sales figures. Apple has set a target of winning 1 per cent of the US mobile phone market in the first year, implying iPhone sales of 10 million worldwide, and it has not yet put the phone on sale in most countries.
Apple will provide its own update today, when it reports its second-quarter financial results.


Gene Munster, the Piper Jaffray analyst who is one of the best respected in the technology industry and who is consistently one of Apple's biggest cheerleaders, admitted that the early iPhone sales figure was a disappointment.


And other analysts said that poor sales of the $500 and $600 (£242 and £291) devices could become a running theme. In a note to clients, Ittai Kidron of CIBC World Markets, said demand for the iPhone has been in "significant decline" in the past 10 days and that Apple and AT&T may try to boost demand by increasing their marketing efforts.


"We have noticed decent inventories at stores, and thin demand at best," he wrote. "Among the stores we visited, most visitors were not looking at the device, and only a very small subset bought it."
 

mabigwiz

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Jul 16, 2007
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#20
Apple seems to be doing pretty well these days.
The company reported profits of 92 cents a share after the close of the stock market Wednesday, 9 cents higher than Wall Street was expecting and 26 cents better than the company's own projections. And the magic number? Apple reported selling what appears to be 270,000 iPhones during the two days before the quarter ended on June 30th.
Revenue for the quarter was $5.4 billion, as compared to Wall Street's expectations of $5.2 billion and Apple's own projections of $5.1 billion. Mac shipments grew 33 percent compared to last year, while iPod shipments were up 21 percent.
The iPhone category includes "iPhones and apple-branded and third-party iPhone accessories," so it was not immediately clear from the press release whether the 270,000 units refers to iPhones alone or iPhones plus cases, headsets, etc. The iPhone numbers will be closely scrutinized coming off of yesterday's news that AT&T only activated 146,000 iPhones.
The company will hold a conference call at 2pm PT to discuss its results, and hopefully we'll get more clarity on the iPhone shipments then.
UPDATED 2:08pm: Apple's overall profit for the quarter was $818 million, that's a 73 percent jump compared to last year, when third-quarter profit was $472 million. Revenue was up 23 percent over last year's total of $4.37 billion.
Notebook sales led the charge for the Mac division. Apple shipped 1,130,000 Macbooks and Macbook Pros during the quarter, up 79 percent compared to last year. Desktop shipments were also up, 634,000 units this year compared to 529,000 units last year.
Apple doesn't break out its iPod results by category, but it was interesting to note that while shipments increased from 8.1 million units last year to 9.8 million during the last quarter, revenue increased by a smaller amount. Apple's iPod revenue was $1.57 billion during the last quarter, compared to $1.5 billion this time last year.
I contacted an Apple spokesman about the iPhone numbers, to verify whether 270,000 units means 270,000 iPhones or 270,000 iPhones plus accessories. I hadn't heard back as the conference call was about to start, with soothing classical guitar in the background.