iPhone price drop leads to sales boost

via engadget

Shocking, we know. As if the price drops on the PlayStation 3 weren't evidence enough that we all like our gizmos a bit cheaper, a new report from Piper Jaffray analyst Gene Munster claims that iPhone sales skyrocketed shortly after the (hotly contested) price drops. According to his math, Apple needed to sell some 136,000 iPhones between September 5th (the day of the cuts) and September 9th (the day Apple claimed to have sold one million of its mobiles), which meant that 27,000 iPhones per day were getting unboxed in the five-day period. Comparatively, Munster approximated that Cupertino was unloading around 9,000 iPhones per day prior to the price cuts. 'Course, even Gene doubts that the recent sales surge will be able to hold steady, but we'd say the slashings have already had their desired effect.