The Street: 1 million Verizon iPhones sold on launch weekend

By on Feb 28, 2011 at 4:51 PM
Rumor February 28, 2011

According to Scott Moritz over at The Street, sales of the Verizon iPhone toppled the one million units sold mark during opening weekend. In a blog post today, Mr. Moritz details just how he arrived at this number. “Dan Mead, Verizon Wireless chief, told media outlets this weekend that 60% of the company’s iPhone sales were preorders,” quips Moritz. “Recent analyst estimates say Verizon’s iPhone preorders totaled 600,000, and if that was 60% of total sales, then 1 million iPhones were sold on the debut weekend.”

Feels sort of like the movie Inception, doesn’t it? A dream within a dream is very unstable. In this instance, speculation within speculation also seems pretty shaky (perhaps Mr. Moritz needs Yusuf to taylor compounds specific to his needs).

Verizon continues to emphasize the strength of its iPhone sales and that it will not discuss exact figures until its first-quarter earnings call in April. Thoughts?

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  • http://pulse.yahoo.com/_FO2O67K7QGDH4DDSTGY4L33S4M Travis

    Hmmm… 1 million iPhones sounds impressive enough, except for the little fact that analysts were expecting them to sell at least 5-6 million of them for Q1 (which ends in March).

    Yes, yes, the quarter isn’t up. But, if you can only pull 1 million in sales after people have been clamoring for this phone on VZ for YEARS, then I don’t think it’s unreasonable to think things aren’t going as well as expected for Apple & VZ.

    And add to the mix that sales of the iPhone 4 will likely decline in the coming weeks as more info leaks on the next iPhone, as well as the fact that Consumer Reports’ tests have shown that the VZ iPhone 4 is still plagued by the same issues as the AT&T iPhone 4?

    Well, it all probably points to less-than-stellar iPhone sales for VZ for the quarter.

    • http://twitter.com/Kevniv Kevin N

      Shit! Can I edit my post and copy and paste yours!

  • Anonymous

    Verizon is a biatch. They didn’t sell more than 700k. Suck it! They said that millions would come over from Att and they didn’t! F u verizon. Hahahahahahahahahahahahaha

  • http://twitter.com/Kevniv Kevin N

    They keep saying the sales meet thr expectations. If thats true then why have every employee on hand along with barricades and security? We all have seen the lonely pics of employees both at Verizon and Apple stores standing around waiting like any minute the crowds are coming but never did. Just sayin!

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