Analyst #2: Apple sold 700,000 iPhones, Not 500,000

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Pic by Leander Kahney: Apple’s San Francisco store on iPhone opening night.

Goldman Sachs analyst David Bailey thinks Apple sold 700,000 iPhones on its opening weekend, more than half again than the 500,000 estimated by his esteemed colleague Gene Munster.

Bloomberg reports that Bailey initially pegged 350,000 iPhone sales, and Munster estimated 200,000.

Said Munster: “In 2009, we estimate a third of Apple’s sales will be from iPhone. This is a huge product.”

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About the author

Leander KahneyLeander Kahney is the editor and publisher of Cult of Mac, and author of three books about technology culture: Inside Steve’s Brain, the New York Times bestseller about Steve Jobs; Cult of Mac; and Cult of iPod. Leander has written for Wired, MacWeek, Scientific American, and The Guardian in London. Follow Leander on Twitter @lkahney and Facebook.

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