According to the article, 95% of buyers bought the 8 GB model. (Which kinda suggests that Apple’s price points were wrong, no?) So, (475,000*600) + (25,000*500) = $297,500,000. :)
Hopefully Apple will give you Airport Extreme. I just got it last week and it hauls so much booty and the signal is so strong. I was a good 50 yards from my apartment and was able to get online with blazing fast speeds. Pretty cool.
[…] According to this article, linked by Brendan Loy, 85% of the people who purchased iPhones this weekend bought the $ 600 8GB model. That translate […]
April 17, 2003 the stock was at $6.56 a share. As of this post its at $121.55 a share. There was a stock split back in February of 2005, so had you bought, say $5000 worth of stock back in April 2003 (762 shares) you would now have $185,289 worth of stock. Not too shabby :)
I was reading the comments on the website you linked to in this post, and it kind of made me want to cry. Apparently, it’s not at all impressive that the iPhone sold 500,000+ units this weekend because Apple didn’t completely sell out its suppliy of phones. Am I crazy or is that the most ridiculously stupid thing anyone ever said?
Am I crazy or is that the most ridiculously stupid thing anyone ever said?
It is ridiculously stupid. They are being punished for being able to accurately gauge product interest. They are being punished for treating their customers right, rather than be like Sony and intentionally under-manufacture to drive up demand (and generate situations where people get shot/mugged waiting in line).
Apple has proved that this crap from MS and Sony about not being able to manufacture enough product to satisfy a high demand is just bogus. Not that we didn’t know it was bogus, but now we have proof.
Perhaps my favorite iPhone story came from the Philadelphia Inquirer. Apparently Mayor John Street was able to take an entire day away from managing one of the country’s most distressed cities to stand in line starting at 3:30 AM to get himself an iPhone.
Yeah, it sounds like a lot, but I heard that some rich geek bought like 499,000 of them to fill up his swimming pool and backstroke in sexy technology.
I was standing at the Apple Store in Nashville just after you posted that, and showed your post to the Mac Geniuses who were standing around helping with the iPhones.
The general reaction was “Cool” and “That’s all?” (satirically). They were sold out at that store, but were putting on a class for new iPhone users, and basically just showing off the product.
Interestingly, they switched one of the iPhones over to EDGE web access instead of the in-store WiFi, and I was pretty satisfied with the speed (though obviously slower than WiFi).
This could be from my not ever having a smartphone or other mobile way of accessing web content before, though. Maybe my lack of experience in that arena will keep me satisfied with the product.
I also liked his response to the direct question about homicides. “Shouldn’t you be comforting the families of people lost to homicide recently?” “Mayors don’t go to shootings.”
July 2nd, 2007 at 10:28:26 am
Unless my math is wrong, at $ 500 a pop (yes the 8 gig model is $ 600 a pop), that’s about $ 250,000,000 in revenue.
Amazing.
July 2nd, 2007 at 10:33:57 am
According to the article, 95% of buyers bought the 8 GB model. (Which kinda suggests that Apple’s price points were wrong, no?) So, (475,000*600) + (25,000*500) = $297,500,000. :)
July 2nd, 2007 at 10:40:06 am
Wow. That is impressive.
Not to mention the money AT&T made.
Hopefully Apple will give you Airport Extreme. I just got it last week and it hauls so much booty and the signal is so strong. I was a good 50 yards from my apartment and was able to get online with blazing fast speeds. Pretty cool.
July 2nd, 2007 at 10:47:20 am
Brendan,
In either case, a time machine back to the time when Apple stock was a lot cheaper would be a nice thing right now.
July 2nd, 2007 at 10:49:57 am
[…] According to this article, linked by Brendan Loy, 85% of the people who purchased iPhones this weekend bought the $ 600 8GB model. That translate […]
July 2nd, 2007 at 11:36:40 am
April 17, 2003 the stock was at $6.56 a share. As of this post its at $121.55 a share. There was a stock split back in February of 2005, so had you bought, say $5000 worth of stock back in April 2003 (762 shares) you would now have $185,289 worth of stock. Not too shabby :)
July 2nd, 2007 at 2:16:16 pm
I was reading the comments on the website you linked to in this post, and it kind of made me want to cry. Apparently, it’s not at all impressive that the iPhone sold 500,000+ units this weekend because Apple didn’t completely sell out its suppliy of phones. Am I crazy or is that the most ridiculously stupid thing anyone ever said?
July 2nd, 2007 at 2:26:51 pm
Am I crazy or is that the most ridiculously stupid thing anyone ever said?
It is ridiculously stupid. They are being punished for being able to accurately gauge product interest. They are being punished for treating their customers right, rather than be like Sony and intentionally under-manufacture to drive up demand (and generate situations where people get shot/mugged waiting in line).
July 2nd, 2007 at 2:36:40 pm
David…
Were there any instances of people getting mugged for their iPhone over the weekend?
July 2nd, 2007 at 2:54:00 pm
Apple has proved that this crap from MS and Sony about not being able to manufacture enough product to satisfy a high demand is just bogus. Not that we didn’t know it was bogus, but now we have proof.
July 2nd, 2007 at 3:20:51 pm
Perhaps my favorite iPhone story came from the Philadelphia Inquirer. Apparently Mayor John Street was able to take an entire day away from managing one of the country’s most distressed cities to stand in line starting at 3:30 AM to get himself an iPhone.
July 2nd, 2007 at 3:26:03 pm
Domer…
I live and work in Philly…and I went down to see it firsthand.
Direct Quote:
when asked if he was getting work done mayor Street replied…”I’ve sent at least 19 e-mails since I got in line this mroning.”
There are already 200+ homicides this year in the city…up 25% from last year.
July 2nd, 2007 at 3:53:59 pm
Yeah, it sounds like a lot, but I heard that some rich geek bought like 499,000 of them to fill up his swimming pool and backstroke in sexy technology.
July 2nd, 2007 at 3:57:35 pm
Were there any instances of people getting mugged for their iPhone over the weekend?
None reported. I was referring to the PS3 launch where that did happen.
July 2nd, 2007 at 9:48:07 pm
I was standing at the Apple Store in Nashville just after you posted that, and showed your post to the Mac Geniuses who were standing around helping with the iPhones.
The general reaction was “Cool” and “That’s all?” (satirically). They were sold out at that store, but were putting on a class for new iPhone users, and basically just showing off the product.
Interestingly, they switched one of the iPhones over to EDGE web access instead of the in-store WiFi, and I was pretty satisfied with the speed (though obviously slower than WiFi).
This could be from my not ever having a smartphone or other mobile way of accessing web content before, though. Maybe my lack of experience in that arena will keep me satisfied with the product.
July 3rd, 2007 at 8:02:10 am
I also liked his response to the direct question about homicides. “Shouldn’t you be comforting the families of people lost to homicide recently?” “Mayors don’t go to shootings.”
Excuse me, Mr. Mayor? Ever heard of Cory Booker?