Many people pointed to the lack of physical lines outside stores on Verizon iPhone launch day as a sign that the device was not going to sell well. Most of us reporting on the lack of lines that day pointed to the fact that pre-orders for the iPhone appeared to be strong and was most likely a primary reason for the lack of lines.
Over the weekend Verizon CEO Dan Mead informed the media that over 60% of their iPhone 4 sales were from pre-orders. Early analyst reports from JP Morgan estimated pre-order volumes were in the 600,000 range. That would mean the total sales on the first weekend were around or slightly above 1 million.