iPhone Ecology : exploring the grey market

AppleInsider.Com reports on a Piper Jaffray anlysis of recent Apple sales estimating that 10% of the iPhones sold are destined for resale as unlocked iPhones.  Gene Munster, the lead analyst, bases this estimate is based on observations of customer behavior at Apple stores across the country. The researchers noticed the relatively large number of customers purchasing the maximum number of 5 phones (per store.) From this, they estimate that 10% of the iPhones are destined for use on non-AT&T based networks.

Katie Marsal, Report: 10 percent of September iPhones sold to unlocking teams, AppleInsider, Thursday, October 4, 2007,

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