High school teens ready to pay $500 for an iPhone

Posted by Dusan on Wednesday, April 11th, 2007 at 9:16 am under iPhone, Apple, Research, Devices

iPhone teensThough it’s still not available, most high school students are already aware of the Apple’s iPhone with a significant number saying they’re to buy it once become available.

Investment bank PiperJaffray conducted a study involving 500 high school students at 11 different institutions across the country, asking each about their interest and buying patterns in portable digital audio and online music.

The results discovered that nearly 85% of students saying they were already familiar with the iPhone, and of those students, 25% said they’d be willing to buy one for $500.

However, Gene Munster, senior analyst at PiperJaffray said he’s modeling for Apple to sell around 660,000 iPhones during the 2007 fiscal year ending September and just another 4 million next year.

Full release that includes the overall PMP numbers is available on AppleInsder.


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  • 6 Responses to “High school teens ready to pay $500 for an iPhone”

    • iPhone » iPhone April 11, 2007 1:49 pm says:

      […] High school teens ready to pay $500 for an iPhone Though it’s still not available, most high school students are already aware of the Apple’s iPhone with a significant number saying they’re to buy it once become available. Investment bank PiperJaffray conducted a study involving 500 … […]

    • Apple iPhone Rebate / Subsidy Now A Possibility! - IntoMobile says:

      […] of dropping the price. A lower price could mean more people will be willing to plunk down their hard earned cash for the iPhone - and that would mean even more "bounty" and revenue-sharing profits for […]

    • Nearly 1 In 5 Adults In US Will Buy Apple's iPhone - IntoMobile says:

      […] looks like the teenager demographic will be making up a large part (with mommy and daddy's money, of course) of the 1 […]

    • High school teens ready to pay $500 for an iPhone | How to sell an IPhone says:

      […] Though it’s still not available, most high school students are already aware of the Apple’s iPhone with a significant number saying they’re to buy it once become available. Complete article here […]

    • iGR: Pre-teen segment shows increasing mobile phone penetration - IntoMobile says:

      […] phone for 2 or more years). The surprising find is not the penetration of mobile phones into the teen segment, but that there is significant number of 5 to 9 year olds that now use cell […]

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