iPhone Mystery: 1.4 Million Sold, 250,000 Never Activated

From Fox News:

Out of 1.4 million iPhones sold since the hot gadget debuted June 29, fully 250,000 have not been activated to run on AT&T’s wireless network, The New York Times and The Register, a British technology blog, both reported Tuesday.

An Apple executive admitted the discrepancy during a conference call with analysts following the release of fourth-quarter performance results.

“[A] number of [iPhones] were sold to people that have an intention to unlock and where we don’t know precisely how many people are doing that, our current guess is there is probably 250,000 of the 1.4 million that we sold where people had bought them with the intention of doing that,” said Chief Operating Officer Timothy B. Cook. “Many of those happened after the [September] price cut.”

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