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Analyst: 1.6m activations equates to 3.7m iPhones

updated 11:25 am EDT, Wed April 22, 2009

Q1 iPhone sales past 3.7m?

Following AT&T's disclosure of its Q1 financial results, indicating more than 1.6 million iPhone activations, Piper Jaffray analyst Gene Munster has calculated that Apple may have reached sales of over 3.7 million iPhones overall for the quarter. Apple Store purchases and international shipments were combined with the AT&T number to estimate the total global sales.

"Last quarter, AT&T activated 1.9 m iPhones and Apple sold a total of 4.4 m units," Munster's note reads. "According to this relationship, the AT&T activation number implies a total of 3.7 m iPhones in the March quarter."

If the iPhone sales estimate is accurate, Apple will have sold around 400,000 more devices than the Wall Street estimates of 3.3 million handsets for the quarter.

The iPhone appears to be one of the strongest products offered by AT&T, attracting subscribers that spend an average of roughly 1.6 times more than other customers. Approximately 40 percent of iPhone customers are new to the carrier, and less likely to jump ship after signing up.



By Electronista Staff
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  1. testudo

    Forum Regular

    Joined: Aug 2001

    0

    huh

    Apple Store purchases and international shipments were combined with the AT&T number to estimate the total global sales.

    Wouldn't Apple store purchases be considered part of the ATT activations number (since they 'must' be activated)?

  1. luckyday

    Fresh-Faced Recruit

    Joined: Apr 2008

    -1

    Help!

    “Last quarter, AT&T activated 1.9 m iPhones and Apple sold a total of 4.4 m units," Munster's note reads. “According to this relationship, the AT&T activation number implies a total of 3.7 m iPhones in the March quarter.”

    Can anyone explain what this means?

  1. luckyday

    Fresh-Faced Recruit

    Joined: Apr 2008

    0

    Oh

    I guess nobody understands it. Ordinarily an article like this would be overloaded with apple is great comments!

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