AAPL Surges 4.5% On "Record" iPhone 5 Sales (+5.7% on Revised Guidance)
UPDATE: AAPL +5.7% on revised guidance
Despite concerns about supply (and 'change') the lines we saw on Friday and the disappointments in the UK have been dismissed by the latest Apple press release as opening weekend iPhone sales top their record at 9 million sales (compared with the 5 million sold at iPhone 5 launch and 6-7mm units expectations).
- APPLE SAYS OVER 200M IOS DEVICES RUNNING IOS 7
- APPLE 9M NEW IPHONE 5S AND IPHONE 5C MODELS SOLD IN 3 DAYS
- APPLE SAYS OVER 11M UNIQUE LISTENERS USED ITUNES RADIO
- APPLE SEES 4Q REV. NEAR HIGH END OF $34B-$37B, EST. $36.11B
The share price was up over 4.5% from Friday's sub-50DMA close in pre-market trading; but is fading back now.
First Weekend iPhone Sales Top Nine Million, Sets New Record
Apple today announced it has sold a record-breaking nine million new iPhone 5s and iPhone 5c models, just three days after the launch of the new iPhones on September 20. In addition, more than 200 million iOS devices are now running the completely redesigned iOS 7, making it the fastest software upgrade in history.
Both iPhone 5s and iPhone 5c are available in the US, Australia, Canada, China, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK.
Demand for iPhone 5s has exceeded the initial supply, and many online orders are scheduled to be shipped in the coming weeks. “This is our best iPhone launch yet?more than nine million new iPhones sold?a new record for first weekend sales,” said Tim Cook, Apple’s CEO.
“The demand for the new iPhones has been incredible, and while we’ve sold out of our initial supply of iPhone 5s, stores continue to receive new iPhone shipments regularly. We appreciate everyone’s patience and are working hard to build enough new iPhones for everyone.”
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