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After iPhone price cut, sales are up by 200%

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iphone1-steve.jpgPiper Gene Munster, the person responsible for a survey dedicated to Apple in which he “found” out an estimated number of iPhones that were sold, has come up with yet another interesting theory.

According to Munster and the past-week Apple announcement about 1 million iPhones sold, the calculations take to the conclusion that after the iPhone price cut, the sales increased up to 200%. Unfortunately, for Steve Jobs, this big increase will not be long-term, and it is expected to lower down to 50% in the near future.

By Munster's reckoning, Apple and AT&T (T) were selling an average of 9,000 iPhones a day before the price reduction, which would have put their quarterly sales at 594,000 as of Sept. 5.
By the end of the quarter, he believes, Apple will have sold a total 1.28 million iPhones.

via gizmodo





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