Apple Inc. managed to sell a record number of iPhones over the first weekend after its two new flagship models were released. The company said in an official statement that its iPhone sales rose to a record of more than 10 million and beat the 9 million units sold by the company in 2013 after the release of iPhone 5s and 5c.
“While our team managed the manufacturing ramp better than ever before, we could have sold many more iPhones with greater supply and we are working hard to fill orders as quickly as possible,” the companys Chief Executive Officer Mr. Tim Cook said in the statement, which was cited by Bloomberg.
The new iPhone devices went on sale on September 19th in the same countries, where the 2013 models were launched for the first time, including the U.S., Germany and Japan. The only exception was mainland China, which raised some concerns that the new release might not achieve the success of the previous iPhone models. Apple also intends to roll out the new iPhone 6 and 6 Plus in 20 other countries on Friday this week, and will bring the total number to 115 by years end – 15% more than last year.
The newest Apple smartphones early shipments increased by 11% in comparison to the results achieved in 2013, despite mainland China being absent from the countries where the latest iPhone units were released due to unexpected regulatory complications. Apple has not said when its new lineup will become available in the Asian country.
Wall Street analysts have projected that Apples first-weekend sales would range from 8 million to 12 million units. As reported by Bloomberg, Chris Caso, an analyst at Susquehanna International Group in New York, commented on the companys first-weekend sales: “The biggest benefit is the bigger screen. There was a lot of pent-up demand for that. By having a larger screen size it’s giving people a reason to upgrade their phone.”
Apple Inc. rose by 0.10% on Monday to close at $101.06 per share, marking a one-year change of +51.35%. The company is valued at $604.54 billion. According to CNN Money, the 42 analysts offering 12-month price forecasts for Apple Inc. have a median target of $110.00, with a high estimate of $135.00 and a low estimate of $60.00. The median estimate represents a +8.85% increase from the last price of $101.06.
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