TheStreet made that guesstimate on Monday, Feb. 28. In comparison, AT&T sold 1.7 million iPhones 4s on during its debut weekend last year. Remember that the device is now getting creaky with age (for high-tech), 1 million would be a great number.
To come up with that number, TheStreet used the fact that Dan Mead, Verizon Wireless head, told media this past weekend that 60 percent of the company's iPhone 4 sales were from preorders. Given that recent analyst estimates say Verizon's iPhone preorders were about 600,000 (once again, a guesstimate), then that would extrapolate to 1 million iPhone 4s sold on the Verizon network in the device's opening weekend.
Of course, the question arises: where's the crowing? Apple generally releases information when a device or service passes a significant milestone, and one would think that 1 million is a good figure.
Verizon says it will not release the actual sales figures until its Q1 earnings report in April. It's also possible that sales were tempered by the fact that the iPhone 5 is about 4 months away. It's believed that device will be a dual-mode GSM / CDMA device. It won't be, most believe, an LTE device, and certainly not on AT&T's network, which won't begin testing of its own LTE service until mid-2011.