Cutting iPhone Price By 33% Equals 300% Jump In Sales

Apple iPhoneApple iPhone sales have climbed from 9,000 per day at the $600.00 USD price point to 27,000 per day at $400.00 USD a pop says Piper Jaffray analyst Gene Munster.

But can the iPhone keep it up? Probably not.

He believes this initial surge will eventually scale down, leveling off at a solid 50% increase in sales compared with the pre-price cut number.

If you believe the Munster Math, that means 13,500 Apple iPhones are being sold per day.

If the iPhone keeps that pace up, Apple will sell almost another 1.5 million of them by December 31.

Good grief Charlie Brown! That would make total 2007 sales of the iPhone 2.5 million. That’s 250% higher than Apple’s initial target.

Steve Jobs can’t complain about that, and neither should shareholders.

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