- NEW YORK - Apple Inc said it had sold more than 1 million of its newest iPhone in the first three days of launch
- Analysts said the iPhone sales figures would distract some investors from concerns about Jobs' health to a certain extent.
- "I think they'll focus on the 1 million number," said Susquehanna Financial Group analyst Jeffrey Fidacaro. "Investors will realize that Apple executed well on the launch in Jobs' absence.
- The 3GS debut was only in eight countries, he said, compared with 21 in last year's 3G launch.
- The 1 million 3GS iPhones sold were "an impressive number compared with the 1 million they sold in the first weekend last year across 21 countries," Fidacaro said. "It shows that the iPhone momentum remains strong."
- The 3GS, which offers faster speeds, longer battery life and the ability to take videos, hit stores last Friday, drawing plenty of fans but not the crowds that had swarmed previous iPhone releases, due in part to preorders.
- Exclusively on AT&T Inc's network in the United States, the iPhone competes with BlackBerry phones from Research in Motion and the Pre from Palm Inc
- Shares of Apple have risen more than 60 percent this year as investors grow more comfortable with the executive bench beyond Jobs. Continued strong sales and product launches at the company have also helped.
"On the one hand, you have the Jobs news out there, which might give people some pause, but on the other hand, iPhone 3GS sales were good," said Canaccord Adams analyst Peter Misek. - Six million customers have downloaded the new iPhone 3.0 software in the first five days since its release, Apple said.
- "Customers are voting, and the iPhone is winning," Jobs said in the statement. "With over 50,000 applications available from Apple's revolutionary App store, iPhone momentum is stronger than ever."
Tuesday, June 23, 2009
iPhone 3GS sales top 1 million
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