What is so great about this product?

I wittnesses this with my own eyes.  I was at the mall last week Thursday and there were a ton of people already in the mall at 745am.  I remember someone telling me that the new iphone was coming out but completely forgot.  There were lines all over the place and couldn’t figure out their ryhme or reason for each line.  At about 230pm I still saw the same poeple infront of my store , so the line infront of me was not the quickest line.  Comes to find out there were two lines. One for already purcheased and the other for ones who had an appointment to purchase.  If you were in the line for jsut appointment you couldn’t leave because you would lose your space, so you couldn’t have anyone save it for you. 

I don’t understand because I don’t have one.  Here is an article I found that talks about this past weekend with the iphone.

Despite long lines, product stockouts and reports of reception issues, Apple (AAPL) engineered another huge launch last weekend. This just in from Apple PR:

Apple® today announced that it has sold over 1.7 million of its iPhone® 4 through Saturday, June 26, just three days after its launch on June 24. The new iPhone 4 features FaceTime®, which makes video calling as easy as one tap, and Apple’s new Retina display, the highest resolution display ever built into a phone, resulting in stunning text, images and video.

“This is the most successful product launch in Apple’s history,” said Steve Jobs, Apple’s CEO. “Even so, we apologize to those customers who were turned away because we did not have enough supply.”

By comparison, it took Apple three days to sell 1 million units each of the iPhone 3GS in 2009 and the iPhone 3G in 2008, and 72 days to sell 1 million units of the original iPhone in 2007.

Commenting on the news in a note to clients, Piper Jaffray’s Gene Munster saw several “catalysts” ahead for Apple’s fourth fiscal quarter, which began on Sunday:

  • An estimated 200,000 iPhones pre-ordered after Apple pushed the delivery date past the end of the third quarter
  • The launch of the white iPhone 4 in July
  • The launch in 83 additional countries by the end of September

The iPhone 4, Munster writes, is “off to a very strong start.”

http://tech.fortune.cnn.com/2010/06/28/1-7-million-iphones-sold-in-3-days/

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June 28, 2010. June.

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