iPhone News Updated

Why aren’t people buying the Verizon iPhone?

For years, Verizon customers were clamoring for the iPhone, but now that the phone is here, evidence is mounting that it’s more of a dud than a hit.

First, there were those short, almost nonexistent lines on launch day. Then Boy Genius Report got its hands on some “sensitive information” from a source that indicated sales numbers for the new iPhone were lower than expected (according to those numbers, the Verizon iPhone 4 was barely outpacing its AT&T counterpart four days after launch). Next, Marco Arment, the app developer behind Instapaper reported that he didn’t get the sales spike he expected with the introduction of a new iPhone (this led him to speculate that the Verizon iPhone was being sold to existing iPhone or iPod Touch owners). And just today, the blog ConceivablyTech, claims that UPS was upset after it set up a special shipping program for the Verizon iPhone that turned out to be overkill, with Verizon never matching its “forecasted shipping numbers.”

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Analyst: Apple Earnings to Grow 25-30 Percent Annually Through 2015

Despite Apple’s recent 6.8 percent drop in share prices, the
Cupertino, Calif. iPhone and iPad maker has a bright future, one bullish
analyst told investors Wednesday. “We believe a sustainable 25-30
percent growth rate in earnings could be achievable through 2015,”
writes Piper Jaffray’s Gene Munster.

Why? He believes the iPhone will grow at 35 percent a year, selling
200 million handsets in 2015 – with the iPad expanding at an even faster
pace. Backing up his claim, the analyst offers the iPhone’s dramatic
audience increase since bursting onto the smartphone scene in 2007.

Although the iPhone started with an exclusive arrangement with
AT&T’s 58 million subscribers, by the end of its first year the
phone was offered to 100 million subscribers, including in Europe.
Today, the Apple handset has an addressable audience of more than 1.7
billion global subscribers and no troublesome exclusive carrier
arrangements.

Along with the recent addition of Verizon’s more than 90 million
subscribers, the CDMA iPhone in 2011 could also reach another 90 million
customers with China Telecom and an even larger 110 million subscribers
in India’s Reliance, according to Munster.

With such growth potential, the recent dip in Apple share prices pales by comparison.

[Thanks: http://www.cultofmac.com]