Apple gets pounded on disappointing iPhone sales

Published: July 24, 2007, 8:10 am

Tags: aapl, apple, apple sales, applesales, inthenews, iphone, iphone sales, iphonesales

Filed under: Products and services, Apple Inc (AAPL), AT and T (T), iPhoneAccording to Reuters and many other news sources, Apple, Inc. (NASDAQ: AAPL) failed to sell the number of iPhones everyone was expecting. Analysts predicted some 200,000 sales, whereas the number in the air seems to be 146,000. As a result, this morning Apple stock tumbled down almost 5%, though it began to recover some of that loss as the day moved on.Concerns about the iPhone vulnerability and security are also bring out some caution in investors, though the security bug has yet to be seen in the wild or affecting users.Apple will be likely releasing more information tomorrow at their earnings call, which might shed some more light on the situation. Considering that Apple only had a couple days at the end of the quarter to sell the iPhones, it's hardly a definitive statement on the success of the iPhone. Not with surveys out reporting that 70% of Zune users are planning to switch to the iPhone.If investors

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