Did Verizon Sell 1 Million iPhones on Opening Weekend?
By Brad Molen on 01 Mar 11The cold February night and rumors of an impending iPhone 5 upgrade this summer may have scared a lot of potential Verizon iPhone buyers away, but yet it’s quite possible Verizon was still able to hit the milestone of 1 million iPhones sold at launch.
TheStreet broke down the math: analysts have estimated Verizon sold 600,000 pre-ordered iPhones; Dan Mead, CEO of Verizon Wireless, said this weekend that 60% of the iPhone sales were done as pre-orders. Thus, 60% of 600,000 means that 1 million were sold.
This is still small compared to the 1.7 million that AT&T sold on launch day last summer, but certainly the circumstances are a little different. Many people are holding back from buying one, worried that doing so would get themselves stuck in a contract that could not be broken if the iPhone 5 comes out and offers something even better than the 4.
We may not know the real figure until Verizon officially tells us in April, when it announces its quarterly earnings. Until then, what do you think about the estimate? Too high or too low?
via TheStreet
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