cote
Latest
Three million iPhone 3Gs sold in first month
A month ago, Apple was crowing about selling one million iPhone 3G handsets over its opening weekend. In a month, they've tripled that figure. According to Fortune and analyst Michael Cote of the (eponymous and nascent, from what I can Google) Cote Collaborative, Apple has already hit the three million mark, with many investors expecting only three to four million handsets sold by the end of the quarter. Cote is a former T-Mobile executive, who Scott Moritz says has been accurate with his predictions in the past. It took over 10 weeks for the original iPhone to sell just one million handsets. The iPhone 3G accounts for almost a third of all iPhones sold, ever. Cote says that meeting demand will be Apple's challenge going forward, as it enters 20 new countries on August 22 -- almost doubling its market presence worldwide. "The demand is so strong it may impact or delay the new countries coming on," he said.
