iPhone 3G Roundup: $330 Million For Apple; Month-Long Inventory Shortage; Free AT&T Wi-Fi Snags; RIM
Friday, July 18, 2008; 1:00 PM
-- Apple (NSDQ: AAPL) Makes $330 Million On Early iPhone Sales: Apple earned about $330 million during the first weekend of iPhone 3G sales, according to Fortune. Piggybacking on Apple's announcement that it sold at least 1 million iPhones in the first three days and a tear down by iSuppli that gauged how much the devices cost to build, Fortune was able to break down its best guess at exactly how much coin Apple netted in return. Finally, basing sales numbers on a Piper Jaffray survey that estimated two-thirds of iPhone sales were the more expensive 16 gigabit model, Fortune estimates Apple made $239,113,000 on 16 gigabit model sales and $91,556,000 on the 8 gigabit model.
-- Major iPhone Shortage To Last For Weeks: Apple might be slow to see a pickup in sales again since most AT&T ( NYSE: T) and Apple stores are reporting serious shortages of the device, an inventory slip-up that might last for a month, Computerworld reported. Barely a quarter of Apple's retail stores have iPhones to sell, but only nine stores have all three versions available. Only 18 stores currently have the 16 gigabit black model in stock and 26 stores have the white model with the same storage capacity. AT&T is also reporting a severe shortage with all 1,200 retail stores nearly out of the iPhone altogether. This shortage comes after Apple sat out of sales for at least four to six weeks, as the first iteration of the iPhone dwindled in numbers before the new device launched.
-- Free AT&T Wi-Fi For iPhone Users: AT&T keeps false-starting its plan to open up its Wi-Fi hotspot network to iPhone users for free. iPhoneAlley spotted a new page on AT&T that appeared to finally mark an official announcement from the carrier, but the page is now dead. iPhoneAlley captured a short announcement from AT&T that read: "AT&T knows Wi-Fi is hot, and free Wi-Fi even hotter, which is why we are proud to offer iPhone customers free access to the nation's largest Wi-Fi hotspot network with more than 17,000 hotspots, including Starbucks. Now users can relax and access music, email and web browsing services with their favorite blend in hand from the comfort of their favorite location."
-- Research In Motion Riding Out iPhone Launch: In a short note, Barron's quotes a Canaccord Adams analyst that says: "BlackBerry sales have seen no adverse impact from the recent iPhone 3G launch." Peter Misek added that RIM's device shipments and activations are running about 20 to 30 percent ahead of plan for June and July at all carriers.