How much money will Apple make on iDay?

Just how much money is Apple projected to make on iDay, the day the iPhone is released?

Well, I'm feeling in a math mood tonight, so let's run the numbers.

There are approximately 1800 AT&T stores.
There are approximately 162 or so Apple Stores.
Total Stores: 1962

Let's be generous and estimate 200 iPhones per store. That comes out to 392,400 units if all are sold out on the first day. If we average both models (4 gig and 8 gig), we get a cost of $550 per iPhone.

Total revenue for the day if all iPhones sell out is $215,820,000.00!!!!!
For one day.

Mind you, this does not count iPhone sales over at Apple.com's online store.

So there you have it. Apple's going to rake in the bucks. If you have Apple stock, hold on for a fun ride.