AT&T said today that it activated 146,000 iPhones after the first two days of sales, which fell on the final days of the second quarter. Apple shares fell the most in six months after analysts said demand may be slowing for the iPhone, which Chief Executive Officer Steve Jobs expects to become the company's third major business. This is way below analysts' estimates, which had ranged from 500,000 to 1 million.
Wednesday, July 25, 2007
iPhone Not That Big of a Hit
AT&T said today that it activated 146,000 iPhones after the first two days of sales, which fell on the final days of the second quarter. Apple shares fell the most in six months after analysts said demand may be slowing for the iPhone, which Chief Executive Officer Steve Jobs expects to become the company's third major business. This is way below analysts' estimates, which had ranged from 500,000 to 1 million.
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