Tuesday, July 15, 2008

iPhone Mania!

Apple (AAPL) announced on Monday that it has already sold 1 million of the 3G iPhones which went on sale Friday. Compare these sales figures with the fact that it took Apple 74 days to sell 1 million of the original, also highly anticipated, version of the iPhone.

Now there have been system problems associated with the stampede of folks trying to activate their new phones, but it still is a great accomplishment for the company. Considering the high price of gasoline, issues with the banking industry and general economic dissatisfaction, it would appear that Apple’s customers represent some underlying strength in the U.S. and world economy.

No bread lines just incredibly long lines to buy the magical iPhone.

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