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Report: Verizon Halts Online Orders for the iPhone After a Record First Day

Feb 4, 2011  •  Post A Comment

"Verizon said it ceased iPhone sales at 8:10 p.m. EST on Thursday after inventory it had set aside for existing customers ran out, " Reuters reports, continuing, "It had starting taking pre-orders for the device at 3 a.m. that morning and broke its record for a first-day launch in two hours."

Verizon did not say how many units it had sold.

The first day sales had been limited to Verizon’s current customers.

Said the article, "But Verizon shares fell almost 1 percent as analysts cautioned that the new phone would hurt profits at the No. 1 U.S. mobile operator, whose shares had risen 13 percent since November in anticipation of the device."

Verizon will again be taking online orders for the iPhone next Wednesday, Feb. 9, 2011. The Verizon version of the iPhone will be avilable in Verizon brick & mortar stores–as well as the stores of some other retailers–on Thursday, Feb. 10, 2011.

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