Apple may have sold 700,000 iPhones, beating estimates
July 4th, 2007 by Ryan Unger | 2,170 views
Via Bloomberg, “Shoppers may have bought as many as 700,000 units over the weekend, Goldman Sachs Inc. analyst David Bailey said, twice his projection of 350,000. Piper Jaffray’s Gene Munster pegged sales at about 500,000, more than twice his original 200,000 estimate.”
“Jobs says he aims to sell 10 million of the phones in 2008, capturing 1 percent of the global market for handsets. He expects consumers will buy 1 billion mobile phones next year, which would be almost four times the number of personal computers sold.”
Now the math…
First weekend: 700,000 * $499 (conservative estimate) = Gross $349,300,000
Lifetime: 10,000,000 * $499 (conservative estimate) = Gross $4,990,000,000
I have a feeling that Jobs is doing his happy-dance.
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