Published in Mobiles

Half milion + 25K iPhones sold


In the first weekend only

The LA Times
is reporting that Apple has sold 525000 iPhones since last Friday. Now that's one heck of a launch if you ask me.

It's reported that half of the stores on the western seaboard sold out by Sunday. Apple and AT&T didn't comment on the story. Analysts believe Apple netted around $300 million in the weekend frenzy, and this didn't go unnoticed on Wall Street.

Not only is Apple making money on sales of the device, but it's also taking a piece of AT&T's iPhone income, which is estimated at around 10%. It might be overpriced, overrated and overhyped, but it's making obscene amounts of money and it's here to stay. You gotta love Apple's marketing people, we salute them.

Last modified on 04 July 2007
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