What do I do after posting about how iPhone has gotten too much coverage? I post more iPhone coverage.
According to Reuters, half of Apple stores on the U.S. West Coast sold out as Apple purportedly sold 500,000 units of its trendy high-end gadget. According to TechCrunch, that amounts to $250 to $300 million in revenue. Unsurprisingly, Apple shares were up a percent before Monday’s starting bell. Later on Monday, Apple and AT&T stock were down a little amid speculation that original estimates of units sold were too high. A more conservative estimate by a JP Morgan analyst put the number at slightly more than 300,000.
Sister site TechCrunch posted an excellent piece about the sales margins of the iPhone ($220 to make).