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AT&T earnings show iPhone not that big of a hit
It turns out Apple’s (AAPL) much-ballyhooed iPhone wasn’t as big a seller as projected. AT&T (T), the exclusive service provider for Apple’s first cellphone, said Tuesday that it activated 146,000 iPhones after the first two days of sales, which fell on the final days of the second quarter. That is way below analysts’ estimates, which had ranged from 500,000 to 1 million.
http://www.usatoday.com/money/industries/technology/2007-07-24-apple-iphone_N.htm