writes "Timothy D. Cook, Chief Operating Officer at Apple, disclosed during Apple's conference call to discuss their fourth quarter earnings that they estimate that 250,000 of the 1.4 Million iPhones that have been sold were bought by people intending to unlock the phone.
[The elasticity in demand with the price drop] enabled us to far surpass our expectation of hitting around a million units cumulatively by the end of the quarter. Some number of these were sold to people that have an intention to unlock and [while] we don't know precisely how many people are doing that, our current guess is there is probably 250,000 of the 1.4 million that we sold where people had bought them with the intention of doing that. Many of those happened after the price cut. Apple knows how many iPhones have been sold and how many have been activated with ATT. The difference is the number that are unlocked."