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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Tuesday, July 24, 2007

AT&T iPhone activations disappoint

AT&T reported initial data on activations for Apple's iPhone that were disappointing to some investors. [Just some? --Paul] AT&T said Tuesday that it activated 146,000 iPhones in the first few days of its availability.
The iPhone activations were a "disappointment," Piper Jaffray & Co. analyst Gene Munster said in a research note. He estimated that Apple sold 200,000 iPhones in the two days to end the quarter. Analyst David Bailey of Goldman Sachs Group Inc. had estimated that AT&T and Apple sold 700,000 iPhones in their first three-day weekend.

AT&T's rate of customer turnover, also known as "churn," fell to 1.6 percent from 1.7 percent a year earlier. AT&T attributed that to "attractive handset selection" and called iPhone sales "robust." More than 40 percent of iPhone activations were for new subscribers.
AT&T, obviously, is the weak link in the iPhone plan. I wonder whether they call customers "chum" or if the word "churn" just reminded me of that word? :)


[ Posted at 12:53 PM | Permalink ]


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