Sorry!! The article you are trying to read is not available now.

Verizon iPhone Sales Fell Short of Expectations

Print comment Post Comments
Now, this is a surprise.

After all the complaints, after all the wishes, after all the big talk, it would seem that iPhone users can actually tolerate AT&T -- or maybe the iPhone isn't that big of a draw anymore.

Speaking with unnamed Apple sources, Boy Genius Report got its hands on some exclusive and confidential sales numbers for the first five days of the Verizon iPhone. Combining the sales of five Apple stores -- two of which are purportedly "very, very prominent Apple stores" -- the Verizon model barely topped the AT&T model. Bare in mind, the AT&T model has been on the market since June. Here's how many units of each sold from Thursday the 10th through Monday the 14th:

  • Thursday: Verizon = 909, AT&T = 539
  • Friday: Verizon = 916, AT&T = 680
  • Saturday: Verizon = 660, AT&T = 471
  • Sunday: Verizon = 796, AT&T = 701
  • Monday: Verizon = 711, AT&T = 618

Online pre-orders amounted to around 550,000 units. BGR also provided some stats on who purchased the Verizon iPhone: 30% were Android users, a little over 25% were BlackBerry users, and a mere 14% were AT&T iPhone owners. The rest didn't want to say or didn't have a phone prior to their iPhone 4 purchases.

So what happened to that mass AT&T exodus everyone predicted?

Some analysts say many customers are willing to wait a few months for the iPhone 5. Also, because of subscribers' existing contracts, few people want to pay a termination fee for a new contract. And maybe, with Android smartphones being viable alternatives, the iPhone isn't a must-have device anymore.

At any rate, wishes were granted, the Verizon iPhone's here, but few people are taking advantage of it.

Then again, it might be a different story come June when the iPhone 5 debuts.

For an investment angle on these and many more tech stocks, take a FREE trial to the TechStrat Report by Sean Udall.
POSITION:  No positions in stocks mentioned.