iPhone Mania: Estimated 500,000 sold over the weekend
Apple sold about a half million iPhones the first weekend the device went on sale, according to analyst estimates.
Piper Jaffray analyst Gene Munster released a report Sunday estimating that Apple sold about 500,000 units through the close of business Sunday. Munster originally thought Apple would sell 200,000 on Friday and Saturday.
Ninety-five percent of iPhone buyers in San Francisco, New York and Minneapolis purchased the 8GB model, according to the survey. About half of the people surveyed for the report were new customers for AT&T. Considering that it's estimated that Apple pulls in anywhere from a 20% to 50% profit margin for the iPhone, that's not a bad opening weekend.
Now, what can Sirius and XM learn about this?