Doomed! DOOOOOOOMED! iPhone sales disappoint

[Silencio]

...those with ridiculously bloated expectations, like all those crack-smocking tech analysts breathlessly falling over themselves to proclaim that Apple sold 500,000+ iPhones in the first weekend of sales.

ATT stated in their quarterly earnings report that 146,000 iPhones were activated in the last two days of their financial quarter, which encompassed only the first Friday and Saturday of iPhone sales (well, a day and a half, technically). While that number does not include iPhones bought to be torn apart and analyzed, multiple units bought to be immediately sold on eBay or Craigslist, or iPhones that were purchased but couldn't be activated due to ATT's incompetence, the haters are screaming hallelujah in the streets and AAPL has dropped almost nine points.

Probably, in the end, a good buying opportunity ahead of Apple's own quarterly annoucements tomorrow.

[$tevie]

Looks like I called that one:

The way things seem to go with AAPL, if the iPhone doesn't sell 4 times as many as predicted the stock will probably take a dive.

http://forums.macresource.com/read/1/304...msg-304268

However, I was wrong about everything else. It got way higher than $124, I didn't sell any but in fact bought a little more. Which as of tonight is still worth more than I paid for it.

I've decided to keep riding this roller coaster for at least a while longer. It's nothing if not exciting!

[vision63]

Hey Silencio, I "recommended" your post on sfgate.com

[Silencio]

[quote vision63]Hey Silencio, I "recommended" your post on sfgate.com
Hah! The SFGate forums are, as Obi Wan once said, a wretched hive of scum and villainy.

[Seacrest]

[quote vision63]Hey Silencio, I "recommended" your post on sfgate.com
Me too!! Me too!!

[Chupa Chupa]

Sure, but I didn't activate the 350,000 iPhones I bought until July 1. Seriously, there were a lot of people that were having activation issues. 140k+ phones in 1.5 days seems pretty good to me... And meets the original launch projections.

[guitarist]

iphone sales didn't disappoint any rational person. Only the irrationally exuberant were disappointed, and they deserved to be.

[dochocson]

And as Chupa Chupa pointed out the 146,000 only tallies activations.

With the roll-out coming at the end of a fiscal quarter and the well documented activation problems, I'm not surprised by these numbers at all.

[davester]

Darn! When it hit about $145 I thought "I should sell some because there'll surely be a drop and I can just buy it back for cheaper". But then I thought "Ooooh, it's sunny today, I'll go play outside". This does look like a good buying opportunity, though part of the drop is the stock market as a whole...who knows when that will bounce back.

[Chupa Chupa]

[quote davester]Darn! When it hit about $145 I thought "I should sell some because there'll surely be a drop and I can just buy it back for cheaper". But then I thought "Ooooh, it's sunny today, I'll go play outside". This does look like a good buying opportunity, though part of the drop is the stock market as a whole...who knows when that will bounce back.

Apple reports earnings tomorrow. I suspect IF they beat estimates by even .01 today's drop will be erased. Also I think if Wall Street was really worried Apple would have fallen by more than 10%, given it's risen 30% just on the iPhone news alone. OTOH if Apple disappoints tomorrow put your hard hat on.