Apple says iPhone sales reach 1 million target
Tuesday, September 11, 2007
Just a week after slashing the price of its iconic device iPhone by a third, Apple announced Monday that it has reached its goal of selling 1 million cellphones almost three weeks ahead of schedule.
The milestone came 74 days after Apple launched the device in a much hyped way. Officials of the Silicon Valley company earlier had forecast that iPhone sales would hit the 1 million mark by theend of this month.
"It took almost two years to achieve this milestone with iPod," Apple CEO Steve Jobs said in a statement, referring to the company's digital music player, which has become a popular culture phenomena in the United States since it hit the market six years ago.
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Labels: apple, Galilea Montijo, iphone, ipod, tech
iTunes 7.4.1 Update Released
Friday, September 7, 2007
With iTunes 7.4, sync your favorite music and more with the new iPod nano (third generation), iPod classic, and iPod touch, plus create custom ringtones exclusively for iPhone with many of your favorite songs purchased from the iTunes Store. You can now also play purchased videos with closed captioning (when available), easily rate your favorite albums from one to five stars, and watch videos at a larger size inside the iTunes window. The download is available at hereLabels: apple, blogs, cellphone, gadgets, ipod, itunes, mac, mobile, tech
Apple Stock Tumbles After iPhone Fiasco
Apple stock received a thrashing from Wall Street over the last three days, as investors showed their displeasure with the company's missteps in iPhone pricing by shaving billions of dollars off the company's market cap.
The sell off started Wednesday when Apple chief executive Steve Jobs surprised customers and shareholders with a $200 price cut on the iPhone, which had only been available for two months. Apple typically doesn't reduce prices on products until they're trumped by upgrades.
Unhappy with the impact the cut would have on Apple's bottom line, investors on Wednesday dumped the company's stock, driving its price down 6.1% to $136.76 per share. On Thursday, the sell off started anew when Jobs said the company would offer iPhone buyers who paid the original $599 for the gadget a $100 credit on any Apple product bought through its Web site or retail stores. The credit, triggered by angry protests from early iPhone buyers, led to Apple stock finishing the day down 55 cents to $135.01.
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The sell off started Wednesday when Apple chief executive Steve Jobs surprised customers and shareholders with a $200 price cut on the iPhone, which had only been available for two months. Apple typically doesn't reduce prices on products until they're trumped by upgrades.
Unhappy with the impact the cut would have on Apple's bottom line, investors on Wednesday dumped the company's stock, driving its price down 6.1% to $136.76 per share. On Thursday, the sell off started anew when Jobs said the company would offer iPhone buyers who paid the original $599 for the gadget a $100 credit on any Apple product bought through its Web site or retail stores. The credit, triggered by angry protests from early iPhone buyers, led to Apple stock finishing the day down 55 cents to $135.01.
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Labels: apple, blogs, cellphone, iphone, ipod, itunes, mobile, news, tech
