Following information from AT&T that 146,000 iPhones were activated in the first day-and-a-half of the handset going on-sale, shares in Apple dropped over 6% yesterday (latest numbers from Google here). After months of iPhone hype pumped stocks in Apple through the roof, it’s hardly surprising that they are now sensitive to worries that the phone might under-perform.
Also unsurprising is that it was financial analysts’ wild predictions of up to 700,000 first weekend iPhone sales which helped drive the price higher in the first place — by 5% in a single day in one case.
However, it’s worth noting that there were some activation problems during the first weekend of iPhone being on-sale, and that there may also have been delays in numbers going through the system. Apple is due to announce its own quarterly earnings later today, and may offer a better indication of how iPhone is doing at the tills.
(Via AppleInsider)
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