Sorry to rain on the parade, but AAPL's data sheet states the 270,000 'Consists of iPhones and Apple-branded and third-party iPhone accessories' - see footnote (6) on their Unaudited Summary Data.
So if each iPhone buyer also bought an iPhone case, say, the iPhone unit sales number comes in at 135,000, etc.
Did you listen to the conference call? 270,000 iPhones were sold in 30 hours.
Did you listen to the conference call? 270,000 iPhones were sold in 30 hours.
If you actually think about it there is absolutely NO inconsistency between 149,000 activations and 270,000 sales.
There a number of purchase conditions that would not allow instantaneous activation.
1) Purchase of second unit for friend. I was in line at the apple store on Friday and almost everyone was buying TWO phones. Most that I talked to in line were buying for a friend, not another family member. In my case my friend didn't come by until Sunday to pick it up.
2) The activation debacle - AT&T will minimize this any way they can so the number they quote is likely ones that AT&T were responsible for. Again, my example serves. I didn't get activation until Sunday but it wasn't AT&T fault. T-Mobile wouldn't release my number. So since AT&T reports 40% switchers this could be a lot of units.
3) People buying late Saturday may likely not activate until Sunday (That's not that long) or there activation, while not instantaneous, was only 5-8 hours. AT&T would not necessarily consider this a delay (they should in principle).
Item 1 and 2 alone could easily account for the difference. You can't be sure either way and, IMO, both arguments are very plausible so we just don't know other than its NOT inconsistent.
If you actually think about it there is absolutely NO inconsistency between 149,000 activations and 270,000 sales.
There a number of purchase conditions that would not allow instantaneous activation.
1) Purchase of second unit for friend. I was in line at the apple store on Friday and almost everyone was buying TWO phones. Most that I talked to in line were buying for a friend, not another family member. In my case my friend didn't come by until Sunday to pick it up.
2) The activation debacle - AT&T will minimize this any way they can so the number they quote is likely ones that AT&T were responsible for. Again, my example serves. I didn't get activation until Sunday but it wasn't AT&T fault. T-Mobile wouldn't release my number. So since AT&T reports 40% switchers this could be a lot of units.
3) People buying late Saturday may likely not activate until Sunday (That's not that long) or there activation, while not instantaneous, was only 5-8 hours. AT&T would not necessarily consider this a delay (they should in principle).
Item 1 and 2 alone could easily account for the difference. You can't be sure either way and, IMO, both arguments are very plausible so we just don't know other than its NOT inconsistent.
They were also counting what was in transit, to their retail stores and AT&T stores. So they didn't really 'sell' 270k until probably the 4th day. It doesn't matter anyway, the initial numbers are somewhat irrelevant. There's that many fan boys that would buy it no matter what, lets see how it sustains.
Listening to a conference call and what is actually on paper are two different things. Read the data sheet for the link he provided.
I did. Its not clear and the CFO clarified this during Q&A on the call. They sold 270,000 units.
Quote:
Originally Posted by steviet02
They were also counting what was in transit, to their retail stores and AT&T stores. So they didn't really 'sell' 270k until probably the 4th day. It doesn't matter anyway, the initial numbers are somewhat irrelevant. There's that many fan boys that would buy it no matter what, lets see how it sustains.
Where did you get this tidbit. Its certainly not on the data sheet, nor is it what was said in the conference call. Its also contradictory to Apple's previous practices.
I did. Its not clear and the CFO clarified this during Q&A on the call. They sold 270,000 units.
Where did you get this tidbit. Its certainly not on the data sheet, nor is it what was said in the conference call. Its also contradictory to Apple's previous practices.
It was in response to an analysts question, I believe it was Tim Cook that responded. Also if you listen to his opening when he spoke of the number of phones sold he noted that it was phones sold to the retail stores and at&t stores. I'm trying to find the exact spot in the quicktime where the question came in. If you go back and listen to the analysts questions section you should be able to find it.
I did. Its not clear and the CFO clarified this during Q&A on the call. They sold 270,000 units.
Where did you get this tidbit. Its certainly not on the data sheet, nor is it what was said in the conference call. Its also contradictory to Apple's previous practices.
It was almost right in the middle a guy named Tony Sacamagi (sp?) asked the question, it occurs at 28 minutes into the conference.
Steve said Apple hopes to sell their millionth iPhone by the end of its first full quarter of sales. Didn't it take Apple seven quarters to sell its millionth iPod? I'd say, "Get on. This money train is leaving the station."
Is that supposed to be a meaningful post? You can put more thought into it than that can't you?
Actually, I gave it all the thought it deserved.
But since you asked: Oppenheimer did specifically clarify it. Combined with the surmise on my part that Apple's segment classification could be just overly broad (after all, it is booking a non-material $5 million) and given how careful Apple tends to be (or rather, had better be in making a statement to that effect), it is more than likely that I am -- and others are -- right about something in the range of 270,000 being iPhone sales. It is possible that it is slightly lower, but I would venture a guess that it would not be materially so.
It was in response to an analysts question, I believe it was Tim Cook that responded. Also if you listen to his opening when he spoke of the number of phones sold he noted that it was phones sold to the retail stores and at&t stores. I'm trying to find the exact spot in the quicktime where the question came in. If you go back and listen to the analysts questions section you should be able to find it.
1) If true this would be highly improper accounting to the extent that its totally out of character for official Apple pronouncements. Selling to oneself (the retail stores) and claiming sales is fraudulent.
2) Without taking the time to re-listen (I just don't have the time) I believe what was said was 'sales through retail and at&t stores' not to. He was likely excluding on-line as they should not be included until shipped, which couldn't have happened in this 30 hour time-frame.
Hopefully this translates into $150 by tomorrow's market opening.
Interesting linky. But, this comment, by another seemingly clueless analyst, grated:
"By any normal company's standards, sales of the iPhone in its first two days were brisk," said Charles Smulders, PC analyst with Gartner Inc. "If there is any sense of disappointment, then over-inflated expectations driven by Apple's marketing machine are to blame."
"Driven by Apple's marketing machine?!" Or by clueless analysts like himself?
Interesting linky. But, this comment, by another seemingly clueless analyst, grated:
"By any normal company's standards, sales of the iPhone in its first two days were brisk," said Charles Smulders, PC analyst with Gartner Inc. "If there is any sense of disappointment, then over-inflated expectations driven by Apple's marketing machine are to blame."
"Driven by Apple's marketing machine?!" Or by clueless analysts like himself?
Gartner is a thinly veiled MSFT stooge and MarketWatch is on my don't read list--John Dvorak and Hank "I'm always wrong" Greenberg work for them. Nuff said.
He did say it included phones in transit to AT&T, so from Apple's side that is sold inventory but still in channel. I'm still pondering the .65 forcast for current qtr. Seems like they plan to give away an awful lot of iPods with all those MBs.
Wondering how Cramer's crow is going to taste if APPL holds these levels tomorrow.
Sure looking like that 205 is within reach. Do we think any nay sayers will change story about how poorly the intro went. Subtract 270k units, then look at 90 days of sales at 1985 locations and you can see that selling an average of slightly more than 4 units per day per location and Apple will reach the million mark. So I'm expecting an early anouncement about the attainment of the gaol. Most likely at the very next product intro during the qtr. An SJ event, sorry Tim & Peter.
Comments
Sorry to rain on the parade, but AAPL's data sheet states the 270,000 'Consists of iPhones and Apple-branded and third-party iPhone accessories' - see footnote (6) on their Unaudited Summary Data.
So if each iPhone buyer also bought an iPhone case, say, the iPhone unit sales number comes in at 135,000, etc.
Did you listen to the conference call? 270,000 iPhones were sold in 30 hours.
Did you listen to the conference call? 270,000 iPhones were sold in 30 hours.
If you actually think about it there is absolutely NO inconsistency between 149,000 activations and 270,000 sales.
There a number of purchase conditions that would not allow instantaneous activation.
1) Purchase of second unit for friend. I was in line at the apple store on Friday and almost everyone was buying TWO phones. Most that I talked to in line were buying for a friend, not another family member. In my case my friend didn't come by until Sunday to pick it up.
2) The activation debacle - AT&T will minimize this any way they can so the number they quote is likely ones that AT&T were responsible for. Again, my example serves. I didn't get activation until Sunday but it wasn't AT&T fault. T-Mobile wouldn't release my number. So since AT&T reports 40% switchers this could be a lot of units.
3) People buying late Saturday may likely not activate until Sunday (That's not that long) or there activation, while not instantaneous, was only 5-8 hours. AT&T would not necessarily consider this a delay (they should in principle).
Item 1 and 2 alone could easily account for the difference. You can't be sure either way and, IMO, both arguments are very plausible so we just don't know other than its NOT inconsistent.
[B][SIZE="5"]
suck on that one Zune
Have Micro$haft sold any of those things yet?
If you actually think about it there is absolutely NO inconsistency between 149,000 activations and 270,000 sales.
There a number of purchase conditions that would not allow instantaneous activation.
1) Purchase of second unit for friend. I was in line at the apple store on Friday and almost everyone was buying TWO phones. Most that I talked to in line were buying for a friend, not another family member. In my case my friend didn't come by until Sunday to pick it up.
2) The activation debacle - AT&T will minimize this any way they can so the number they quote is likely ones that AT&T were responsible for. Again, my example serves. I didn't get activation until Sunday but it wasn't AT&T fault. T-Mobile wouldn't release my number. So since AT&T reports 40% switchers this could be a lot of units.
3) People buying late Saturday may likely not activate until Sunday (That's not that long) or there activation, while not instantaneous, was only 5-8 hours. AT&T would not necessarily consider this a delay (they should in principle).
Item 1 and 2 alone could easily account for the difference. You can't be sure either way and, IMO, both arguments are very plausible so we just don't know other than its NOT inconsistent.
They were also counting what was in transit, to their retail stores and AT&T stores. So they didn't really 'sell' 270k until probably the 4th day. It doesn't matter anyway, the initial numbers are somewhat irrelevant. There's that many fan boys that would buy it no matter what, lets see how it sustains.
Did you listen to the conference call? 270,000 iPhones were sold in 30 hours.
Listening to a conference call and what is actually on paper are two different things. Read the data sheet for the link he provided.
Listening to a conference call and what is actually on paper are two different things. Read the data sheet for the link he provided.
Groan.
Groan.
Is that supposed to be a meaningful post? You can put more thought into it than that can't you?
Listening to a conference call and what is actually on paper are two different things. Read the data sheet for the link he provided.
I did. Its not clear and the CFO clarified this during Q&A on the call. They sold 270,000 units.
They were also counting what was in transit, to their retail stores and AT&T stores. So they didn't really 'sell' 270k until probably the 4th day. It doesn't matter anyway, the initial numbers are somewhat irrelevant. There's that many fan boys that would buy it no matter what, lets see how it sustains.
Where did you get this tidbit. Its certainly not on the data sheet, nor is it what was said in the conference call. Its also contradictory to Apple's previous practices.
I did. Its not clear and the CFO clarified this during Q&A on the call. They sold 270,000 units.
Where did you get this tidbit. Its certainly not on the data sheet, nor is it what was said in the conference call. Its also contradictory to Apple's previous practices.
It was in response to an analysts question, I believe it was Tim Cook that responded. Also if you listen to his opening when he spoke of the number of phones sold he noted that it was phones sold to the retail stores and at&t stores. I'm trying to find the exact spot in the quicktime where the question came in. If you go back and listen to the analysts questions section you should be able to find it.
They were also counting what was in transit, to their retail stores and AT&T stores.
Umm, how should I say this? Oh yeah, 'Wrong.'
I did. Its not clear and the CFO clarified this during Q&A on the call. They sold 270,000 units.
Where did you get this tidbit. Its certainly not on the data sheet, nor is it what was said in the conference call. Its also contradictory to Apple's previous practices.
It was almost right in the middle a guy named Tony Sacamagi (sp?) asked the question, it occurs at 28 minutes into the conference.
Umm, how should I say this? Oh yeah, 'Wrong.'
Speaking before listening to the conference apparently.
Is that supposed to be a meaningful post? You can put more thought into it than that can't you?
Actually, I gave it all the thought it deserved.
But since you asked: Oppenheimer did specifically clarify it. Combined with the surmise on my part that Apple's segment classification could be just overly broad (after all, it is booking a non-material $5 million) and given how careful Apple tends to be (or rather, had better be in making a statement to that effect), it is more than likely that I am -- and others are -- right about something in the range of 270,000 being iPhone sales. It is possible that it is slightly lower, but I would venture a guess that it would not be materially so.
What exactly are you trying to say in your posts?
It was in response to an analysts question, I believe it was Tim Cook that responded. Also if you listen to his opening when he spoke of the number of phones sold he noted that it was phones sold to the retail stores and at&t stores. I'm trying to find the exact spot in the quicktime where the question came in. If you go back and listen to the analysts questions section you should be able to find it.
1) If true this would be highly improper accounting to the extent that its totally out of character for official Apple pronouncements. Selling to oneself (the retail stores) and claiming sales is fraudulent.
2) Without taking the time to re-listen (I just don't have the time) I believe what was said was 'sales through retail and at&t stores' not to. He was likely excluding on-line as they should not be included until shipped, which couldn't have happened in this 30 hour time-frame.
Investors were pleased with Apple's results, sending the company's shares up $12.89, or more than 9%, to $150.15 in after-hours trading
Hopefully this translates into $150 by tomorrow's market opening.
Little linky
Hopefully this translates into $150 by tomorrow's market opening.
Interesting linky. But, this comment, by another seemingly clueless analyst, grated:
"By any normal company's standards, sales of the iPhone in its first two days were brisk," said Charles Smulders, PC analyst with Gartner Inc. "If there is any sense of disappointment, then over-inflated expectations driven by Apple's marketing machine are to blame."
"Driven by Apple's marketing machine?!" Or by clueless analysts like himself?
Interesting linky. But, this comment, by another seemingly clueless analyst, grated:
"By any normal company's standards, sales of the iPhone in its first two days were brisk," said Charles Smulders, PC analyst with Gartner Inc. "If there is any sense of disappointment, then over-inflated expectations driven by Apple's marketing machine are to blame."
"Driven by Apple's marketing machine?!" Or by clueless analysts like himself?
Gartner is a thinly veiled MSFT stooge and MarketWatch is on my don't read list--John Dvorak and Hank "I'm always wrong" Greenberg work for them. Nuff said.
He did say it included phones in transit to AT&T, so from Apple's side that is sold inventory but still in channel. I'm still pondering the .65 forcast for current qtr. Seems like they plan to give away an awful lot of iPods with all those MBs.
Wondering how Cramer's crow is going to taste if APPL holds these levels tomorrow.
Sure looking like that 205 is within reach. Do we think any nay sayers will change story about how poorly the intro went. Subtract 270k units, then look at 90 days of sales at 1985 locations and you can see that selling an average of slightly more than 4 units per day per location and Apple will reach the million mark. So I'm expecting an early anouncement about the attainment of the gaol. Most likely at the very next product intro during the qtr. An SJ event, sorry Tim & Peter.