Why Tim Cook is more than happy with Apple Inc (NASDAQ:AAPL) new launch
And so, Apple Inc (NASDAQ:AAPL) shines once again. Three days and a record breaking 9 million iPhone 5S and iPhone 5C handsets cleaned off the shelves. This should allay any doubts that its investors harbored and wipe the smirks off the faces of its skeptics. The company has always been an innovation giant and continues to be so. It latest record run with these two new launches more than validates its stand in the technology market.
The gratified CEO
No doubt, Tim Cook the Chief Executive Officer is pleased with the show. He said that this is the company’s best iPhone launch to date with the record-breaking 9 million handsets sold within the first weekend of launch. He said that the demand for these smartphones has been incredible. The initial inventory at the stores has been exhausted but it will be replenished soon enough.
The iOS upgrade
IPhone users have adapted to the upgrade in the iOS very happily and the serpentine queues outside Apple stores went to prove that that Apple is the monarch of the smartphone market. Over 200M handsets use the upgraded software that had been launched by the company and it is considered to be the speediest software-upgrade in history. The company had obviously not expected this glut of orders and is running out of the 5S models. The online orders will take a few weeks to be shipped.
The wonder handsets
Market watchers and speculators had presumed that the company will release sales figures on Friday which was the first day of the launch. That did not happen and many assumed that the launch had failed. But two days and 9 million phones later, everyone is either zipping their lips or watching agape. The iPhone 5C is being sold at a price that is higher than analyst projections. In Monday’s trading session, Apple Inc (NASDAQ:AAPL) stock rose by 4.97% to close at $490.64 per share.