The hotly anticipated iPhone generated a great deal of attention and initial sales were brisk. But as TheStreet.com reported, the demand was less than some had anticipated. People familiar with the company said at the time that Apple were prepared to sell out the 1 million phones it had ready for its weekend debut.
Last week, AT&T reported that it had
Apple said iPhone sales were off to a
Apple also predicted it would sell 1 million iPhones by the end of September. Observers say the $600 phone may enjoy a big sales pick up around the holidays during the crucial gift giving season.Apple shares fell $3.58 to $137.85, while telco partner AT&T saw its stock drop 18 cents to $39.59. Apple's chip vendors could also see some jitters if the rumors are true. Analysts have identified some of the key component suppliers as Broadcom (BRCM - Get Report), Texas Instruments (TXN - Get Report), Marvel (MRVL - Get Report), Micron (MU) and Skyworks (SWKS), among others.