Last year's iPhone still selling like hotcakes

Posted by David Gomez

Last year’s iPhone may be “old” to most fanboys, but it’s still selling at a high rate.

According to Yahoo! News, the handheld device still has healthy sales as displayed by recent numbers from carriers AT&T and Verizon.
    
Despite what Apple may want their customers to believe, old is not always bad.
    
After reporting earnings for its June quarter last Thursday, AT&T revealed that it sold 3.6 million iPhones, which is more than the 3.2 million it sold during the same quarter last year. Verizon reported that it moved 2.3 million in its second quarter.
    
All in all, the two carriers activated 11.7 million phones in the first half of 2011, that number is 3.5 million shy of AT&T’s total iPhone sales for 2010.
    
A large amount of tech enthusiasts would say that is pretty impressive for a phone that’s been on the market for a year. A year is almost a lifetime in the tech world.
    
Amazingly, the iPhone 3GS is still generating decent sales at AT&T even though it is two-years-old.
    
Morgan Keegan analyst Tavis McCourt says that iPhone sell through was at 118 percent year-over-year this quarter in the States and overseas. Seeing as how the next version of the smartphone is due this fall, sales will probably increase even more.
    
“The iPhone is broadly gaining share in a rather dramatic fashion,” says McCourt. “…This is a product that is 12 months old. Pretty impressive.”
    
Impressive yes, but it’s not much of a surprise. According to charts, the iPhone’s sales since it was first released in 2007 have been spectacular. The numbers have gone from 11.6 million in fiscal 2008 to 55.2 million in the first nine months of fiscal 2011.
    
Now that’s profit.