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Analysts Say 1.5 million iPhone 4s Sold on Launch Day

Maura

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ZD Net is reporting today that Apple is projected to have sold approximately 1.5 million iPhone 4s, according to Oppenheimer analyst Yair Reiner, who conducted a survey of 174 iPhone 4 buyers, and who also found that 76 percent already had an iPhone, only 26 percent actually needed a new one because their old one was failing, and Android was seen as the best iPhone alternative by respondents, replacing the BlackBerry.

ZD Net says that analysts have been falling over themselves to report their findings from their various launch-day surveys. Gene Munster from Piper Jaffray, for example, echoed Reiner’s findings, with his survey showing that 77 percent of 608 customers waiting in line were existing iPhone owners, a big leap from 56 percent in 2009 and 38 percent in 2008.

“Apple is effectively building a recurring revenue stream, where iPhone users pay on average $200 a year to stay current with the latest iPhone,” commented Munster.

Source: ZD Net
 

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