Apple sold a higher-than expected amount of iPhones during the first weekend of its iPhone 5C and 5S launch. During the first 3 days following their Friday launch of the new devices, Apple has sold 9 million of the Smartphone.
Apples shares also rose, as the line up for new iPhones caused the company to issue a more optimistic financial forecast for the coming quarter. Apples stocks rose 4.5%, to sit at $488.64 on Monday mooring, and sat around the $486 mark for the remained of the week.
Demand for the Smartphone exceeded the initial supply, and online orders are scheduled to be shipping out in the coming weeks.
“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.” – Tim Cook, Apple CEO
The sales numbers are nearly double those of the iPhone 5’s first weekend, which launched a year ago. Expectations had apple selling about 6 million.
Apple said its fourth quarter results would be on the higher end of its forecast 3w4 to 37 billion in revenue.
Daniel Ernst, an analyst with Hudson Square Research, says the sales prove Apple has a good connection with its customers, and despite all the negativity towards the iPhone, Apple is making the right moves.
“The critics have told you Apple lost its magic,…Customers are telling you something very different. Clearly, people like the product. That sentiment is almost more important than the number.” – Daniel Ernst, Analyst
