| Initial first weekend sales estimates are approximated | | | | and raised its projection for iPhone sales to 5.3 million |
| at 500,000 to 700,000 for the latest Apple product. | | | | from four million. J.P. Morgan analysts were |
| The iPhone is soon to become just as popular as | | | | considerably less sanguine, saying Apple would |
| other products, such as the iPod or the Macintosh | | | | recognize 312,000 unit sales for the just-ended |
| computer. | | | | quarter. "We believe initial demand may have been |
| Blackfriars Marketing noted an average of two to | | | | disappointing, but it's still early," they wrote." |
| three customers coming out of the Apple stores | | | | All this buying frenzy led to empty shelves at Apple |
| with iPhones on Friday night every single minute. With | | | | Stores and AT&T outlets across the country. |
| this fact, they considered that at peak time, sales for | | | | The iPhone can be ordered online from the Apple |
| Apple could have reached 30,000 per hour. Between | | | | website, but there is a two to four week wait for |
| Apple and AT&T it is believed that they have | | | | delivery. Not surprisingly the iPhone is already available |
| sold 500,000 iPhones the opening weekend. Trip | | | | at online auction site |
| Chowdhry of Global Equities Research estimates that | | | | In fact an auction was just how the first iPhone itself |
| the number of iPhones sold that opening weekend | | | | was obtained. One person paid $100,000 to get the |
| would be a bit higher: 525,000. | | | | popular phone - and to support a good cause. As of |
| The Wall Street Journal Online afternoon report | | | | this writing the lucky winner still remains anonymous. |
| stated that: | | | | Proceeds for the charity auction benefited Keep A |
| "Goldman Sachs pegged weekend sales at least | | | | Child Alive, a charity that gives anti-retroviral |
| 700,000 units -- double its prediction of 350,000 -- | | | | treatment to children with AIDS in Africa. |