“Blowout sales of the new iPhone 5S and 5C, but particularly the former, have shown that the naysayers were way off,” Roger Kay reports for Forbes.
“With 9 million phones flying off the shelves in the first weekend, Apple was looking more like the company Steve Jobs began resurrecting in 1997,” Kay reports. “Sticking to a cautiously high-end (read: profitable) strategy, CEO Tim Cook placed the new products in market with unerring precision. Investors cheered on Monday. Apple shares are up $20, or 4.4%, so far today.”
Kay reports, “Despite mocking the iPhone 5C colors on Twitter, Nokia — really Microsoft — could not mask the fact that Apple made more revenue in one weekend of sales than the entire enterprise value of Nokia.”
Read more in the full article here.
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