26914
Apple Reports Record Sales
World Economy

Apple Reports Record Sales

Apple said it had sold more than 13 million iPhone 6s and 6s Pluses during their first weekend of availability in 12 markets, setting a record for its marquee product.
Although sales surpassed analysts’ expectations of 12 million to 13 million units, shares of Apple fell more than 1%. This suggested investors remained skeptical that Apple can improve on the demand for the previous iPhone, which propelled the company to its most profitable quarter ever, said IDC analyst John Jackson, Reuters reported.
“Topping what the iPhone 6 achieved looks like a tall order, even for Apple, with its history of outdoing itself,” he said.
The iPhone 6 had set the previous record of 10 million unit sales in its first weekend, but the figures did not include China, where regulatory problems delayed the gadget’s debut last year.
Analysts had said Apple was virtually assured to set a first-weekend record for iPhone sales with the inclusion of China, which many expect will soon be the company’s largest market.
But several analysts said the 6s figures, which also included the United States, Australia and the UK, suggested Apple was on pace to lift iPhone sales slightly from last year.
Analyst Shannon Cross of Cross Research said she was impressed by Apple’s ability to drum up consumer interest in a device with relatively modest improvements over the iPhone 6, whose new, larger screens touched off a sales frenzy.
FBR Capital Markets analyst Daniel Ives estimated that Apple sold more than two million iPhones in China over the weekend.

Short URL : https://goo.gl/3Wp1sV
  1. https://goo.gl/kARYuV
  • https://goo.gl/ZuBfpR
  • https://goo.gl/aYGFvR
  • https://goo.gl/o4WKNp
  • https://goo.gl/c1Ojr8

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...

Trending

Googleplus