26 September 2013

Apple Sells 9 Million iPhones In First 3 Days

Apple on Monday said that it sold about 9 million units of its new iPhone 5S and 5C in their first three days on market; cruising well beyond the analysts’ expectations of 6-7 million sales. The company also broke the previous record of selling five million iPhone 5 models on its opening weekend a year ago.

The company's stock jumped $23.23, or 5 percent, to close at $490.64 on the Nasdaq following the news.

Apple also said that more than 200 million of its devices are now running iOS 7, as a result of the free overhaul released last week for iPhones, iPads and iPod Touch devices.

However when it comes to the magnificent sales record, there are caveats with the Apple figures, since 11 countries are involved this year, compared to nine for the iPhone 5 release last year. And China, in particular, is a huge Smartphone market, reports Wall Street Journal.

Besides accounting sales of devices to consumers from its own stores and website, Apple also included sales to other retailers. While Apple appears to have exhausted inventory of the iPhone 5S, the nine million units include unsold iPhone 5C models at non-Apple retailers, analysts said.

Apple didn't break down its sales other than saying that demand for the iPhone 5S exceeded supply. "Thanks to all our amazing customers for the fantastic weekend," Chief Executive Tim Cook, a new Twitter user, tweeted Monday.