Apple sells 500,000 iPhones in first weekend
By Barry Collins and Reuters
Posted on 2 Jul 2007 at 11:00
Apple has sold a staggering 525,000 iPhones on its first weekend, according to analysts.
Half of the Apple stores on the US West Coast sold out of the devices on the first day, according to analyst Trip Chowdhry of Global Equities Research in San Francisco. Piper Jaffray also estimated first-weekend sales of the iPhone at about 500,000.
The iPhone, which combines a phone, web browser and a music player, went on sale on Friday. About 2 percent of buyers have experienced delays in activating their service, according to reports.
Apple and AT&T were not immediately available for comment.
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