Apple slips, AT&T iPhone activations disappoint

Tue Jul 24, 2007 8:13am EDT
 
[-] Text [+]

NEW YORK (Reuters) - Apple Inc. (AAPL.O) shares slipped about 2 percent before the market opened on Tuesday after AT&T Inc. (T.N) reported initial data on activations for Apple's iPhone that were disappointing to some investors.

In electronic trading before the regular Nasdaq market session, Apple shares slid to $141 from their Monday close of

$143.70.

"There is no upside surprise on the number," Shannon Cross, an analyst Cross Research, said of AT&T's initial iPhone activatations.

AT&T said Tuesday that it activated 146,000 iPhones in the first few days of its availability.

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better