Trifecta: Apple’s New iPhone Sells Out with These Carriers

Apple’s (NASDAQ:AAPL) new iPhone 4S has sold out for pre-order at AT&T (NYSE:T), Verizon (NYSE:VZ), and Sprint (NYSE:S), according to the carriers’ websites. While Sprint and Verizon’s websites show no remaining iPhone 4S stock available for pre-order, AT&T’s site is giving iPhone buyers a delivery-time estimate of three to four weeks rather than the one- to two-day wait for pre-orders when they began October 7.

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The sellout signals healthy demand for the new device, and should help boost revenue for both Apple and the device’s three wireless carriers. Earlier this week, Apple (NASDAQ:AAPL) announced that it had hit a new sales record of 1 million iPhones sold in the first day of pre-orders.

“It looks like another blockbuster launch for Apple (NASDAQ:AAPL), only this time with three carriers,” said Roger Entner, an analyst with Recon Analytics in Boston. Entner estimates that about half of the early iPhone buyers are “Apple aficionados” who buy the new iPhone every year, while the other half are a mix of people upgrading from older smartphones and those buying their first smartphones.

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New iPhone sales, combined with sales of new phones using Google’s (NASDAQ:GOOG) Android software, are expected to tip the balance of smartphones to more than half of all mobile phone customers. “With this iPhone launch, we will have broken through the 50 percent penetration level,” said Entner. He estimates smartphone penetration was around 43% at the end of September.

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