[Cody Overcash]

Despite all of the issues we have seen with the 3g iPhone launch Apple is rolling in the big bucks.

Apple has sold 1 million 3g iPhones in the 3 days since launch. Everyone everywhere seems to be picking these things up as fast as Apple can stock them. Speaking of stock I wish I'd bought some more Apple stock 4 days ago

In other news in the three days since the launch of the 3g iPhone and the AppStore there have been over 10 million downloads so far. I'm no math wiz but that wold be an average of around 1 app download per iPhone in existence (iPhone 3g + 1st gen) in only three days. Impressive.

CUPERTINO, California—July 14, 2008—Apple® today announced it sold its one millionth iPhone™ 3G on Sunday, just three days after its launch on Friday, July 11. iPhone 3G is now available in 21 countries—Australia, Austria, Belgium, Canada, Denmark, Finland, Germany, Hong Kong, Ireland, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, UK and the US—and will go on sale in France on July 17.

“iPhone 3G had a stunning opening weekend,” said Steve Jobs, Apple’s CEO. “It took 74 days to sell the first one million original iPhones, so the new iPhone 3G is clearly off to a great start around the world.”

The new iPhone 3G combines all the revolutionary features of iPhone plus 3G networking that is twice as fast*, built-in GPS for expanded location-based mobile services, and iPhone 2.0 software which includes support for Microsoft Exchange ActiveSync and runs over 800 third party applications available through the new App Store. In the US, the new iPhone 3G is priced at just $199 for the 8GB model, and $299 for the 16GB model**.

*Based on 3G and EDGE testing. Actual speeds vary by site conditions.
**Requires new two-year AT&T rate plan for qualified customers, sold separately.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.

CUPERTINO, California—July 14, 2008—Apple® today announced that iPhone™ and iPod® touch users have already downloaded more than 10 million applications from its groundbreaking new App Store since its launch late last week. Developers have created a wide array of innovative mobile applications ranging from games to location-based social networking to medical applications to enterprise productivity tools. Users can wirelessly download applications directly onto their iPhone or iPod touch* and start using them immediately. More than 800 native applications are now available on the App Store, with more than 200 offered for free and more than 90 percent priced at less than $10.

“The App Store is a grand slam, with a staggering 10 million applications downloaded in just three days,” said Steve Jobs, Apple’s CEO. “Developers have created some extraordinary applications, and the App Store can wirelessly deliver them to every iPhone and iPod touch user instantly.”

Many of these amazing new applications take advantage of iPhone’s large display, Multi-Touch™ user interface, fast hardware-accelerated 3D graphics, built-in accelerometer and location-based technology to bring far more powerful applications to the mobile arena than ever before.

The App Store on iPhone works over cellular networks and Wi-Fi, which means it is accessible from just about anywhere, so users can purchase and download applications wirelessly and start using them instantly. Applications are free or charged to the user’s iTunes® account and the App Store notifies the user when updates are available for their apps. The App Store is also available in iTunes (Apple - iTunes - iTunes Overview) running on a Mac® or PC, which syncs applications to the iPhone or iPod touch using a USB cable.

*Requires downloading software update sold separately for $9.95.

Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications. Apple is also spearheading the digital media revolution with its iPod portable music and video players and iTunes online store, and has entered the mobile phone market with its revolutionary iPhone.

via apple and apple

[PhoneLine]

And I think all of them are in line outside the 5th ave store here in NYC.....go home people, I want my phone!

[TheOrioles33]

Originally Posted by PhoneLine

And I think all of them are in line outside the 5th ave store here in NYC.....go home people, I want my phone!

I second that!! When will all these no-lifers go home so I can just walk in and get one?!!

[Sullivan0930]

they should of made more, every store should have a biggger stock!!

[ojrtega]

Gwow that's all I have to say

[tntmorgan]

have they run out of 3G iPhones at stores?

[Chase817]

whoa... at first i thought that you ment that 10 million apps were allready released

[revsteve]

there will be plenty of phones to go around. give it another 7 days

[Rosbaughcr]

Originally Posted by tntmorgan

have they run out of 3G iPhones at stores?

The Apple Store in Richmond, VA ran out on Saturday the 12th. All of the local AT&T stores ran out by noon on the 11th. As of today, Monday the 14th, there is still a large display in front of the Apple Store saying that the iPhone is still out of stock.

[tobypu]

Out of stock at the Apple store and ALL AT&T stores in the Indianapolis area. I need my new phone!! Come on Apple, fill the shelves!!

[Poseidon79]

All this and the stock is only up $3.07 today... which is almost even what it was about a week ago. Just goes to show how stock prices are all based on projections and expectation by Wall Street, not what the company is actually doing at any given time.

[PhoneLine]

All the NYC stores have all 3 in stock as if last nights stock check. Problem has been a 4 hour plus wait each day. I'm hoping that tomorrow night people might go home and watch the all start game and that will allow me to sneak in the 5th ave store and get mine! I have zero interest in baseball, but I hope other NYers do!

[AcePilot]

Everyone is out in the Dallas area! The answer to "When are you getting some more?" is "I don't know!"

[sweeneytodd]

I'm no math wiz either...
But.. I read in an article that Apple makes only 24-26$ profit on each phone.. therfore doing some calculations

1 million 3g's sold @ 24$ profit = (greater than or equal to ) 24 million
10 Million downloads.... 1/5 of which are Free apps (as one fifth of App store apps are currently free) means.. that if we just "say" all others are "99 cents" then: they have at least made $237,600,000 because they get 30% of price, so then we see

24 Million for iPhone 3G's sold
237.6 Million for AppStore Apps Profits
= at least 261.6 Million in its first weekend of exsistence.

Just in case anyone wanted to know.

[wannagotopopeyes]

Originally Posted by sweeneytodd

I'm no math wiz either...
But.. I read in an article that Apple makes only 24-26$ profit on each phone.. therfore doing some calculations

1 million 3g's sold @ 24$ profit = (greater than or equal to ) 24 million
10 Million downloads.... 1/5 of which are Free apps (as one fifth of App store apps are currently free) means.. that if we just "say" all others are "99 cents" then: they have at least made $237,600,000 because they get 30% of price, so then we see

24 Million for iPhone 3G's sold
237.6 Million for AppStore Apps Profits
= at least 261.6 Million in its first weekend of exsistence.

Just in case anyone wanted to know.

Holy hell you're right. or maybe not exact but thats gotta be a pretty close estimate. Damn that is a lot of money. I wonder how much it cost them to produce 1 million 3G's compared to how much they got? probably a ton less. wow.