Geez - who are these “analysts” and who is foolish enough to take their advice? At the same rate (if sustained) AT&T could end up selling 35 million iPhones. How exactly does this count as “disappointing”?

At first I thought this was a joke…

IPhone Use Disappoints; Apple Slides - New York Times Apple’s shares slumped 6 percent on Tuesday after AT&T said the early surge of iPhone buyers starting service on its network was smaller than some analysts had anticipated.

AT&T, in reporting its second-quarter earnings, said 146,000 iPhone owners activated service in the day and a half between the phone’s debut and the quarter’s end. Given the frenzy around the phone’s introduction, some analysts had predicted that AT&T would report as many as 500,000 to 700,000 activations in that period.

The report sent shares of Apple down $8.81 to $134.89, while AT&T’s shares fell 35 cents to close at $39.68.