Wednesday, November 11, 2009

100,000 DROIDS And Counting

Estimates are in, and according to Broadpoint AmTech Inc representative Mark McKechnie, Motorola and Verizon Wireless probably sold 100,000 Droid phones in the opening weekend of the device’s launch. Stores were initially stocked with 200,000 and about half of each store’s inventory was depleted, with the 100,000 figure being a logical and unscientific extension.

Check out what Citigroup’s Jim Suva had to say on the matter:

    “It wasn’t as good as the iPhone, but anybody that was expecting that had their expectations too high,” said Suva, who recommends buying Motorola shares. Traffic in Verizon stores through the first three days was “continually good,” he said.

    Motorola may sell 1.3 million Android phones in the fourth quarter and 9 million next year, Suva said. Apple will sell 8 million iPhones this quarter and 28.5 million next year, he predicts.

Are you doing the same math as me? Motorola themselves will sell about 1/3 the number of Android Phones as Apple will sell iPhones next year. And then you’ve got Samsung, HTC, LG, Sony Ericsson and all of the other phone makers driving Android Phone sales.

Read full story here: