Scott Moritz at Fortune is reporting that Apple has sold 3 million iPhones 3G in one month, according to an analyst who is not Gene Munster. This tea leave reader is former T-Mobile executive Michael Cote, who says that demand keeps going up thanks to the iPhone 3G's price point, consumer enthusiasm, and international… »
Phil Elmer-Dewitt, voice of the newly relocated Fortune Apple 2.0 blog, published Piper Jaffray analyst Gene Munster's latest report, a survey of 980 teens that reveals:
• 3% of students surveyed own iPhones
• An additional 9% expect to buy an iPhone in the next 6 months
• 4.2% of surveyed adults also had iPhones
According to Piper Jaffray's Gene Munster, before Sept. 5, iPhone sales had leveled off at around 9,000 per day, mostly at $600 a pop. Now, following the iPhone price cut, Apple is moving 27,000 per day at $400 each. But is this growth sustainable? No. Munster says he thinks that after this initial 200% sales surge,… »
Piper Jaffray analyst Gene Munster has moved Apple's stock price projection for 2009 up a whole year to 2008, making Munster's projection the highest price anyone has ever given Apple: $205 per share. Is there method to his madness? Of course. And it has something to do with our obnoxious graphic.