10 Million IPhones Sold In The First Weekend

Posted: Sep 23 2014, 1:04am CDT | by , in News | Apple

10 Million iPhones Sold In The First Weekend

The long awaited new model set new sales records

When Apple announced the iPhone 6 and the iWatch, it earned a great deal of attention due to the fact that the iPhone is coming with a larger screen that plenty of people have been waiting on. Although everyone was excited to see that they would finally get their hands on the newest iPhone, very few people predicted the incredible sales that they experienced.

On the day that iPhone 6 pre-orders opened up, Apple sold 4 million of them. That is a new record for them. Over the weekend that it was officially released, though, they sold an incredible 10 million units, a figure that Tim Cook said was smaller than he would have liked. According to the CEO, sales would have been much higher if they hadn’t run into problems with the supply chain. It is hard to imagine that they could have sold even more, but he is confident.

As a result of those sales, Apple is set to turn in revenue that is nearly 9% higher than what the best Wall Street analysts had predicted. The stock price could be reaching a point at 12% higher than expected. With that being said, there wasn’t much of a change on Monday, at least in terms of the stock price.

This will mean a very good holiday season for Apple, although the next year as a whole is going to be incredible profitable. The Apple Watch will be released next year, along with a new iPad, so those that have been doubting the sales potential of Apple will most certainly have to eat their words.

Source: Apple Balla

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The Author

<a href="/latest_stories/all/all/27" rel="author">Bijon Kumar Pramanik</a>
Bijon Kumar Pramanik is an experienced technology writer working since years in the consumer electronics field.




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