Broadpoint AmTech Inc. Analyst Mark McKechnie Suspects 100,000 Droids Sold On Opening Weekend
Broadpoint AmTech Inc. analyst Mark McKechnie estimated that 100,000 Verizon Droid mobile phones were sold over the weekend. In terms of specifications the Verizon Droid was intended to challenge the iPhone. The iPhone remains as king when it comes to selling the most number of units on an opening weekend, but clearly the Droid has made an impact on mobile phone competition. At least more so than the Palm Pre when comparing opening weekend unit sales.
When the original iPhone first launched, it sold about 270,000 units on the opening weekend. However the original iPhone had a much higher cost. And then iPhone 3G and iPhone 3G S had about 1 million units sold on their respective opening weekends, thus creating the benchmark that many other mobile companies are striving for. The Palm Pre sold about 50,000 units on their opening weekend which was a record sales day for Sprint. If the Verizon Droid did end up selling 100,000 units in the opening weekend, then that means that about 50% of the company’s inventory has been bought.
What does this mean for the telecommunications market in general? What this means is that the iPhone has a small rival which may just help Verizon retain some of their customers from switching to AT&T. The Android Market will see an increase in sales too. It will be a fraction of the sales that Apple makes on the iTunes App Store, but we will definitely start hearing some developer success stories about how much they made from the Android Market in the near future.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry