AT&T (T) announced today that it had only activated 146,000 Apple (AAPL) iPhones the first day that they were on sale. And, investment bank CIBC said that sales of the handset have slowed considerably in the last 10 days. CIBC said that AT&T Wireless stores had plenty of supply and little traffic.
The research call explains that customers are disappointed with Apple’s connection speed. It goes on to speculate that Apple and AT&T may be rushing to get out a 3G device by Christmas.
If the information is accurate, it means that the quarter that will be reported about 90 days from now could be a significant disappointment, and that eyes will be on Apple’s earnings report this week for info on how the device has sold in July.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
