Apple (AAPL) iPhone Stories From Today
StreetInsider.com visited several Apple (Nasdaq: AAPL) and AT&T (NYSE: T) stores today throughout the Midwest. We looked at the Midwest because it includes states that are currently suffering from the tough economic times. Well, to quickly sum up, if Apple and AT&T stores comprised the entire Midwest economy then we would say the economy is booming. This says two things: If a company produces a product that people desire, it will sell. 2. No matter how bad the economy is, people will still buy items or services they really want.
At 8am this morning, in Troy, Michigan, there was a line of over 500 people at the Apple Store inside Somerset Mall. The line stretched for over 300 yards. This same store at noon today had a line still over 500 people. Yes, Apple is selling a lot of iPhones, but activations are taking a lot longer because of problems with the Apple activation servers.
By noon, all the AT&T stores that we visited were out of iPhones. On average, each store had 30 to 50 iPhones to start the day.
Sales are looking great for the iPhone, however today's numbers of iPhones sold could be a lot higher if Apple didn't undergo activation problems.
Apple Inc.designs, manufactures, and markets personal computers, portable digital music players, and mobile communication devices.
Sign up at EasyStockAlerts.com To Be Alerted To News On Apple And Other Stocks!
Create E-mail AlertRelated Categories
Insiders' BlogTrader Talk
Stocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
