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Apple Sells 1 Million 3G iPhones in First Weekend of Availability

Date: 7/17/2008 1:48:13 PM

Apple Inc. announced earlier today that it had sold 1 million iPhones in the first three days after launching its long-awaited 3G model in 21 countries.

“iPhone 3G had a stunning opening weekend,” said Apple CEO, Steve Jobs, in a statement.

Many iPhone buyers, however, were plagued with software problems over the first couple of days, largely because of the unprecedented volume of sales. Every new device sold needed to connect to Apple’s servers for activation, which quickly led to server overload, causing even the owners of the older (2G) iPhone to experience problems when updating their mobile software.

Nevertheless, Apple’s stock surged almost $7.00 in morning trading on the NASDAQ today, before moderating to close the day at $174.06, up $1.48, or 0.86% from Friday’s close.

Apple had sold about 6 million units of its original 2G iPhone before this weekend, and is aiming to sell a total of 10 million units by the end of this year.

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Source: http://www.teleclick.ca/2008/07/apple-sells-1-million-3g-iphones-in-first-weekend-of-availability/


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