verizon iphone 4It’s not an official announcement, but with some creative math it appears that Verizon’s iPhone 4 surpassed 1 million units sold in its first weekend, The Street reports.

Based on statements from Verizon Wireless CEO Dan Mead, who said this weekend that 60 percent of its iPhone sales came from preorders, combined with analyst estimates that Verizon’s preorders totaled around 600,000 units, The Street figures that Verizon most likely sold 1 million iPhones during the weekend after its February 10 launch.

In comparison, AT&T managed to sell 1.7 million iPhone 4s when it launched in June 2010.

Mead brought up the preorder numbers as a means to excuse the lack of long launch lines in stores for Verizon’s iPhone. Many saw those short lines as a sign that iPhone sales weren’t very strong for Verizon. Now it appears that most of the consumers who really wanted an iPhone — namely, Verizon subscribers — were able to get their fix by preordering.

AI Weekly

The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.

Included with VentureBeat Insider and VentureBeat VIP memberships.

Many consumers are also likely waiting for Apple to unveil the iPhone 5 later this year. Given that it will be announced in a few months, signing up for a two-year contract with the older iPhone 4 doesn’t make much sense.

Verizon won’t reveal official sales figures until its first-quarter earnings report in April.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More