Jury Still Out on iPhone Success, Says Verizon Executive

CNN Money:

(Verizon Wireless’ General Counsel Steve) Zipperstein said that it was too early to tell whether the iPhone would ultimately be a success in the market.

“Despite the hype about the iPhone in the media over the last couple of weeks, the product has only been available for the last 10 days,” said Zipperstein. “The jury is still out and we will have to see how the market reacts.”

Translation: We really hope people stop buying them.

According to reports, nearly 1 million iPhones have been sold in its first 10 days. Apple has set a public target of selling 10 million devices by the end of the year.

No, Apple’s stated goal is to sell 10 million iPhones in 2008.

★ Wednesday, 11 July 2007