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Steve Jobs announced today that Apple's (AAPL) iPhone has sold 4 million units in the 200 days since it went on sale. Not good enough.

The stated goal from Jobs, who is famous for his lowball objective that he can then blow away, was 10 million units by the end of 2008*. Currently Apple has averaged 20,000 units a day. This is even worse when you consider about 1,000,000 were sold the first 30 days (estimates vary). That leaves us at 17,600 a day since.

In order for the goal to be reached, Apple must hit a daily average to 18,100. Questionable. Especially when you consider Europe's launch has been tepid at best and plans for China seem to have fallen through at this point. Canada is rumored to launch any day now but how many users will switch from the hometown Research in Motion for Apple?

If the US does indeed head for a recession or dramatic slowing, how many folks will be willing to pay $399 for a phone? The argument is that high end users are buyers of the phone but if results at Tiffany's (TIF) and Coach (COH) are any indication, these folks are cutting back also.

Now, does this mean the phone has been a "flop"? No. It does mean that a $599 phone will not dominate a category. Jobs seemed to have realized this when he lopped $200 off the price 90 days after the launch as sales stalled.

As the details of the phone trickled out in May last year, 2 months before the phone hit the stores, I said the phone would be a flop. I was wrong. I also said "cut the price to $299 and you may have something. A $599 phone will not gain mass acceptance no matter what it does, especially when people can still get it's functionality from their existing devices. Also, the exclusive deal with AT&T was "not a very bright idea".

I would say right on both those accounts. I think Apple really missed the boat with the exclusive AT&T (T) deal. With Research in Motion (RIMM) coming out with a competing product very soon that will be available on most carriers, I think Apple may have missed its chance to dominate the landscape. As things stand now, RIMM has 36% vs 19% to Apple of the "smart phone" market. Let us not forget Google's (GOOG) highly anticipated foray into the market later this year.

The sad thing is that it is a self-inflicted move, as Jobs' history of not playing nice with others may have come back to bite the company. He may have got the "best deal" from AT&T at the expense of much bigger things.

Disclosure: None

*Editor's Note: Correction from original version of article that read: "The stated goal from Jobs, who is famous for his lowball objective that he can then blow away, was 10 million units in the first year."

Source: 4 Million iPhones - Not Good Enough