Apple Inc. said Monday that it sold more than 1.7 million units of its new iPhone model in the first three days, making it the most successful product launch in the company's history from the standpoint of sales.
The iPhone 4 went on sale Thursday in the U.S., Britain, France, Germany and Japan. High demand for the model caused shortages and unruly crowds at some stores.
"This is the most successful product launch in Apple's history," said Steve Jobs, Apple's CEO. "Even so, we apologize to those customers who were turned away because we did not have enough supply."
When Apple gets criticized for its management its iTunes App Store, the issue tends to be that the company's rules are deemed to be too strict and too opaque.
When Google gets criticized for its management of the Android Market, it's just the opposite.
In response to my post on board management tips, I got a few questions on what to include in a board package. So here's my take. Obviously some of the materials will be unique to your particular situation, for example if you're negotiating venture debt, you might include term sheets to review, but there are some basics that you should provide to the board at every meeting and these include:
Startup boards are very different beasts than those of mature companies. For CEOs, it is an important and often underestimated part of their job to manage the board…"What? I have to manage my boss(es)?" For first time CEOs, it’s often the a new thing that they have to manage 4, 6 or more bosses at the same time. So with that in mind, here are a few tips on managing a startup board: