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Apple slips, AT&T iPhone activations disappoint
July 24, 2007 / 12:17 PM / 10 years ago

Apple slips, AT&T iPhone activations disappoint

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.

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