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AAPL Stock: 111.78 ( -0.87 )

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AAPL slips on low iPhone activation figure

updated 11:30 am EDT, Tue July 24, 2007

AAPL slips on AT&T note

Apple shares tumbled this morning after AT&T reported just 146,000 iPhone activations in its first few days on the market, a number far below the Street's expectations after rumors flew that Apple had sold upwards of half a million iPhones during that same period. Worried investors sold Apple shares in droves, causing the stock to slip even before the market opened, according to Reuters. One financial analyst pointed to the lack of an upside surprise on iPhone activations as the cause of the stock slide, but Apple and AT&T reported iPhone sellouts across almost all of their stores within one week of the handset hitting store shelves. The initial iPhone activations could prove to be a misleading figure, as droves of iPhone buyers reported problems when attempting to activate their handsets during the launch, which were later confirmed by AT&T.




by MacNN Staff

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  1. Guest

    Joined: Dec 1969

    0

    retarded investors?

    Check.

  1. hayesk

    Joined: Dec 1969

    0

    Stupid investors

    This highlights what is petty and shortsighted about stock market investors. Had they stopped for two seconds to think, they would have realized that most activations happened on Sunday and beyond - July 1st - the next quarter.

  1. Guest

    Joined: Dec 1969

    0

    2 per customer

    At the Apple store where I bought mine, almost everyone purchased a 2nd iPhone so they could sell it on eBay. Certainly these iPhones would not see immediate activation. This is undoubtedly an overreaction. Time to buy Apple stock.

  1. jarod

    Joined: Dec 1969

    0

    LOL

    Like I always say; AAPL is cursed by the dumbest tards of the investing industry! LOLL

  1. rjwill246

    Joined: Dec 1969

    0

    jarod, you're right

    Actually, investors are nuts-- even using all he clever investment tools, they get no insight into what is really happening within a company. Wait, til Thursday, when just the opposite- and still idiotic- reaction takes place.

    Soon, even the dumb investors will see that ATT was activating a phone about every 0.5 secs... an incredible number, once you stop and think about it.

  1. hassanpr

    Joined: Dec 1969

    0

    Crazy People

    I dont even like apple but a friend of mine iPhones including 2 or 3 of his friends iphones didnt activate until sunday morning. Didn't their quarter end Saturday. If so what are people going crazy over. Those numbers dont tell how many was sold and dont accurately tell how many was activated that entire weekend. People people calm down.

  1. nhmlco

    Joined: Dec 1969

    0

    Do the math

    What scares me is the idea that analysts can't even do basic math. Figure 174 Apple stores and 1,900 AT&T stores. Now work backwards and try to determine how many phones each store would had to have sold to get 500,000 out in two days.

    Got it? Good. Now remember that AT&T managers said many stores only HAD 50-100 phones initially.

  1. todds6776

    Joined: Dec 1969

    0

    Limited Apple Stores

    In most of the country, there isn't an apple store nearby. Where I am, I waited in line for 3 to 4 hours at an AT&T store, and I didn't get my iPhone until the next Thursday (they only had 34 at the store). So, the demand was there, but for most of the country, there wasn't a supply!

  1. chadpengar

    Joined: Dec 1969

    0

    re: do the math

    There is no math to do. There were also reports that the Apple Stores had MANY MANY more iPhones per store than did the AT&T stores. So there is no math to do. It is possible that the Apple Stores each sold on average 1000 or so while the AT&T stores sold 60-100 each. Reports from the Apple Stores showed many many more than AT&T being sold. We just don't know.

  1. Zaren

    Joined: Dec 1969

    0

    Trying to hold on

    I actually bought back in to AAPL yesterday, after seeing it's run up over the last two weeks. I thought I was gonna be sick when it opened down 5 this morning, and kept falling to -3. It's hovering around 140 now - down around 4. I'm torn between bailing out now, or hoping it goes up tomorrow.

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