Apple's stock soared to a record high Tuesday amid analyst reports that sales of highly profitable iPhones easily rocketed past 300,000 after its US launch.
Apple shares were up nearly five percent, going for 127.17 dollars a piece when the New York Stock Exchange closed. The price slipped a fraction to 126.82 in after-hours trading.
Investors were evidently reacting to reports from analysts that from 310,000 to 700,000 iPhones have been snapped up since the devices began selling on Friday and that the profit margin on the devices is estimated at 55 percent.
Apple and US telecom giant AT&T, the exclusive iPhone service provider, did not disclose sales figures "for competition reasons."
"In its first weekend we sold more iPhones than in the first month of any other wireless phone AT&T ever offered," AT&T spokesman Mark Siegel told AFP. "That's how good it's been. We are simply not releasing figures."
Nearly all of AT&T's 1,800 stores were sold out of iPhones by Monday and new stocks were en route, according to Siegel.
The rush of people activating their iPhones online during the weekend flooded AT&T computers, causing delays in a small fraction of cases, according to Siegel.
No comments:
Post a Comment