News
Apple estimates 250,000 iPhones sold ‘with intention to unlock’
By Charles Starrett
Senior Editor, iLounge
Published: Monday, October 22, 2007
News Category: iPhone
Speaking during the company’s Q4 Financial Results Conference Call, Apple COO Tim Cook stated that the company “estimates 250,000 iPhones were sold with intention to unlock,” and that “many of those sales happened after the price cut.” The iPhone accounted for $118 million in revenue, which is derived from “handset sales, carrier agreements, and Apple-branded and third-party iPhone accessories.” Apple has previously stated it will use a 24-month subscription accounting model for the iPhone. Asked about the possible success of a 2.5G iPhone in Asia, Apple CFO Peter Oppenheimer said there was “nothing to announce today,” while reiterating the company’s intentions to bring the device to Asia in 2008. Finally, $100 iPhone credits are being accounted for as customers redeem them, and the company expects most redemptions to be completed by the end of the year.
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