iPhone price cut generates 200% sales increase
When Steve first announced the iPhone price cut, the nay-sayers were vocal: "It's selling so poorly," they said, "Apple has had to reduce the price significantly."
By Piper Jaffray's estimations, Apple and AT&T was selling an average of 9,000 iPhones per day before the price cut, resulting in 594,000 units sold by September 5th.
Combined with the 270,000 phones sold in the previous quarter, customers would have had to buy an additional 136,000 iPhones to reach 1 million units by September 9th - an increase of 200% in sales volume.
Steve was right: They're selling boatloads of these things, and wanted to quickly sell boatloads more...and that's what's happening.
[Via My iTablet]
