iPhone sales triple after price cut, says analyst

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iphone-sales.jpgApple has been selling 27,000 iPhones a day since cutting the price by $200 last week, reckons retail analyst Gene Munster from Piper Jaffray, who says that’s triple the 9,000 daily sales before the cut.

If true, it’s not surprising news, since it’s logical to assume there was a healthy base of people waiting for iPhone to be cheaper before handing over their cash. The question is whether that represents pent-up demand (i.e. they all rushed in after the price cut), or whether the new pricing will sustain this level of sales.

Analysts apparently expect Apple to sell three million iPhones this year, but having passed the million mark on Sunday, 27,000 sales a day would take 870 74 days to reach that landmark. EDIT – yes, mathematics isn’t my strong point. 74 days sounds bang on target, although presumably a speedy European launch would help Apple reach that target even quicker.

(via DailyTech)

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Stuart Dredge