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iPhone Suckers

I don’t really need to say more except that the folks that do have an iPhone and will give you an honest answer just say to turn the phone service off, throw my iPod in the trash and I’ll use my iPhone as an MP3 player. That’s kind of an expensive MP3 player! Come on over to the BlackBerry. Don’t kid yourself any longer. Steve Jobs made a sucker out of you again.

From USA Today:

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.

“It was a disappointment,” says Gene Munster, an analyst at Piper Jaffray.

Munster earlier this week predicted Apple would announce sales of 500,000 iPhones when it reports quarterly earnings today. “We became victims of our own hype,” Munster says.

He now believes Apple will announce sales of 200,000 phones today when it gives its first figures on what’s been widely expected to be a key new product. That would count online sales, speculators who bought phones to sell on eBay and procrastinators who did not get around to activating their phones yet. Also, many first-weekend buyers complained of problems activating their phones.

Get the full story here.

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