In its Q2 earnings report released today, AT&T said that it has activated 146,000 iPhones during on June 29 and June 30. The number is significantly below analysts� sales estimates, which were in the 500,000 range initially. Of those 146,000 iPhone subscribers, more than 40% were new customers, AT&T said. According to the company, sales of the iPhone continue to be strong in July with store traffic above historical levels.
Following the announcement, several analysts restated their sales expectations: For example, Piper Jaffray & Co. technology analyst Gene Munster told Bloomberg that Apple is likely to have sold only 200,000 iPhones. Investors reacted almost immediately and gave the recently high-flying share price a break: Apple shares were down $8.81 or more than 6% to $134.89 today.
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