Summary
This Form 8-K filing from Apple Inc., dated June 9, 2008, provides an update on the company's iPhone sales and global expansion plans. CEO Steve Jobs announced that Apple had sold over 6 million iPhones to date, with more than 700,000 units sold in the current June quarter. This demonstrates strong initial sales momentum for the product. The filing also details the upcoming launch of the new iPhone 3G, scheduled for availability on July 11, 2008, in 22 initial countries. The iPhone 2.0 software will also be released on the same day. Apple has secured multi-year agreements with carriers in over 70 countries for distribution and network services. Notably, these agreements are generally non-exclusive, except in key markets like the United States and several European countries. For the new iPhone 3G, Apple's revenue stream will primarily come from device sales to carriers or commissions on sales, with limited follow-on revenue beyond the device purchase.
Key Highlights
- 1Apple announced over 6 million iPhones sold cumulatively as of June 2008.
- 2Over 700,000 iPhones were sold in the current June 2008 quarter.
- 3The new iPhone 3G was announced to launch on July 11, 2008.
- 4The iPhone 3G will initially be available in 22 countries.
- 5iPhone 2.0 software will also be released on July 11, 2008, for all iPhone customers.
- 6Apple has secured carrier agreements for iPhone distribution in over 70 countries.
- 7Most iPhone distribution agreements are non-exclusive, except in the US, UK, France, Germany, Spain, Ireland, and others.