Apple's fortune surely isn't helped when leading IT online newpapers make basic Arithmetical blunders like this one. Can anyone spot the bleeding obvious mistake? It's a shame the author or editor didn't...
I've sent in a comment telling the author to go to the back of the arithmetic class although I doubt it will be published. What's the bet the article will magically disappear...
Source Here
Quote from article:
Heading: "Iphone sales are at around a tenth of early estimates"
Subheading "Q4 figures hide bad news"
By Tony Dennis: Wednesday, 23 January 2008, 11:27 AM
"THE INQ has been playing with sales figures for the Iphone and it would appear that they're dropping off real fast. They seem to have fallen to a tenth of what pundits were quoting.
Observers took the total of 4 million units in 200 days quoted by St Jobs of Cupertino and came up with a figure of
200,000 units a day.
The company has just said it sold 2,315,000 units in Q4 2007. That looks good because it sold almost half that number in Q3 - 1,119,000. But if you think about it, Apple increased the number of its markets from one to four in Q4.
So in theory it should have sold 4 million in Q4 alone. Now we get to the interesting bit. The company gave a cumulative total of 1,389,000 to the end of Q3. If you add in Q4's figure, you get 3,704,000.
So we've got a missing 296,000. Let's say there's 14 days between 30th December 2007 and the 200th day.
That's a mere 21,142 units a day. Nothing near the
200,000 units figure which everybody was banding about.
And as the INQ has said before, Q4 is always a brilliant month for phone sales because of the Xmas period.
No wonder Apple's stock is being punished."