We live in an age of instant reactions, sometimes before even all the facts are in. Apple stock tumbled this morning after AT&T reported just 146,000 iPhone activations during itâs first few days. This was well below the expected activation numbers as well as far below the previously estimated iPhone sales.
These initial AT&T activation numbers are suspect as valid indicators of the iPhones level of success. Droves of iPhone buyers reported problems attempting activation during the first few days. Also both AT&T and most Apple stores were reporting sellout of iPhones during the first week of the launch. These sales reports would indicate that the AT&T activation numbers are skewed.
Apple (AAPL) stock was down about -6.13% as of 4PM today. The DOW is also down about -1.62% for this same period, so all of this AAPL slip may not be iPhone related.
It’s a very expensive cellphone after all. Also, it’s not like ipod, those kids got to have it regardless. There are so many other cool phones around with more functions can play with and opened with hundreds of software, such as my N95. I guess the 10 millions of iphone by end of year is kinda far reach now.
Flex RIA, It will be interesting to see what Apple reports on the iPhone sales today…time will tell.