Piper Jaffray’s Gene Munster is estimating Apple sold half a million AT&T iPhones from 6 p.m. Friday through the close of business on Sunday. With the devices going for $500 to $600, that’s around $250 to $300 million in cash changing hands, depending on the mix of 4GB and 8GB units sold.With margins on the device in the <20-50%> range (probably closer to the lower end), that leaves an estimated $50 to $150 million in profit.

Not a bad weekend for Apple.

Posted on July 2nd, 2007 by admin
Filed under: iPhone News, AT&T iPhone