1 Million iPhones Snapped Up In 3 Days

(CBS/ AP)  Apple Inc. said Monday it has sold 1 million iPhones in the three days following the release of the latest model on Friday.

"IPhone 3G had a stunning opening weekend," said Steve Jobs, Apple's chief executive, in a statement.

But the launch was plagued by software problems. All the new iPhones had to connect to Apple's servers for activation, which quickly overloaded them. Lines of customers built in stores as employees were unable to get the phones working.

Additionally, new software was released for the old iPhone, which required reactivation of those phones. Many owners of the older phone were left with unusable units.

Reports of activation problems subsided over the weekend, as the servers apparently recovered, and buyers were able to activate their phones through their home computers.

In a client note, Morgan Keegan & Co. analyst Tavis McCourt said the launch "was clearly not as smooth as last year's launch" but said demand "was clearly strong across the U.S., with lines persisting at the Apple store in Nashville (Tennessee) at least through Saturday night."

McCourt rates Apple shares "Market Perform."

Meanwhile, thanks to Apple's application store and the many programs that run on the new phone, the iPhone may fundamentally change the way people listen to the radio when they're in their cars or otherwise on the go, says CBS News technology analyst Larry Magid

Two free applications for the iPhone and iPod Touch, and another program that costs only $4.99, make it possible to listen to live radio on the iPhone from anywhere, including a moving car, Magid reports.

---

Read Larry Magid's analysis of the iPhone's potential impact on radio.

---

The iPhone 3G was launched simultaneously in 21 countries, including the U.S.

Apple had sold about 6 million units of the first-model iPhone since it launched in the U.S. a year ago. The company has set a goal of selling 10 million iPhones by the end of 2008.

Shares of Apple rose $4.83, or 2.8 percent, to $177.57 in morning trading.

Apple also said users of the iPhone and iPod touch had downloaded more than 10 million applications from its new App Store since it went online on Thursday.

Of the store's 800 applications, a quarter are free. Most of the rest cost less than $10. Programs include news browsers, AOL Instant Messenger software, games and Web radio players.

[bobnjersey]

we work w/ a major us telcom carrier ... they offer the service for the iphone exclusively in the us. i''ve seen many customer monthly bills as part of what we do w/ this client. many, many cases where the monthly charge for service is $600, $700, even $1000+.

it''s not necessarily all iphones ... but clearly a fairly common scenario where people are spending hundreds a month for ''their phone''!

[mycomment-2009]

I guess consumer confidence isn''t sooooooo bad after all. Obviously we are not so broke that we aren''t still running out buying our favorite new toy. Personally I''m into this junk...but hey, to each his own.

[nothappyatall]

oh Its cool.why not join our chatting with black hot girls in ukniggerfriends.com where all Men can find real dream parteners with photos,... who enjoying chatting sports and stars...
Posted by wiwi5"

Cause I don''t ''chat'' with females, human ones anyway.

[nothappyatall]

"Many owners of the older phone were left with unusable units. "

BWHAHHAHAHAHA!!!!!!!!!!!

LOL it''s a freaking PHONE get over it!

[credibility2]

The vapid find meaning not in life or themselves but in tech gadgets that amuse their pathetic puny lives as a distraction. Apple keeps the kids stocked with toys, while AT&T bloats the charges for the toys'' usage. And this is the enlightened generation?

[linfinster]

Oooh, great story ...
but in regards to the comments about the Sudan issues:

THERE WILL BE BLOOD in Africa...it''''''''s sad, true, and unavoidable...but the bottom line is, Africa''''''''s problems can only be solved by Africans and if there is bloodshed...so be it...after all European developed came at the price of many lives lost for over two-thousand years, is it really surprise that this is happening elsewhere?

Posted by ozilot at 12:59 PM : Jul 14, 2008


Interesting observation, but perhaps you are missing the point and bigger picture here ... history should not have to repeat itself merely to allow equality in stupidity and heartlessness ... such savagery is wrong. Why don''''t you move there and get raped by 20 men or watch your 6 yr old daughter have 15 men climb on her and do their disgusting acts, her leaving her with who knows what physically and emotionally, and tell me it''''s progress?! Shame on YOU!

Just thought I''d use this space here like people do with US politics on all the stories I read ... I''m now guilty of the same thing, i guess...

Pathetic fools... Apple milks them like a barn full of cash cows. Line up to be milked.

Posted by azure11

If they wish to be milked, it''s up to themselves. At least their devoted consumership supports those of us with Apple stocks :)
What I would like to see less is media frenzy regarding this subject. Honestly, it was almost comparable to Y2K live video footage from around the globe. First, the Japanese rushing into an Apple store, then some pictures from UK, and then -finally, here.

[newview08]

People actually wait in line for this kind of stuff? Get a life! Heaven forbid you forget your light saber or Luke Skywalker commemorative tool belt or something. Don''t forget your supply of Jolt cola and Ding Dongs. Nerds.

[missingamerica]

One million people - each probably relatively young - buying new IPhones for the pizazz factor as the economy teeters around them.

They quit teaching that fable about the grasshopper and the ant, huh?

Oh well...at least the money went back into the American economy through the hands of the production workers at those great big American Apple factories.

Oh, wait...

[sociald63]

and i million will be pis-sed off when they get thier billing statements w/ all sorts of unautho''d coverage *** (that''s how apple will make thier $$)