“The debut of the iPhone 5 last year was met with skeptical reviews, claims the company had lost its magic touch — and a record opening weekend with 5 million phones sold,” Mark Rogowsky writes for Forbes. “Fast forward to 2013 and the debut of the iPhone 5S, with those same skeptical reviews and harangues about an innovation drought. Yet, lo and behold, the company goes and sells 9 million iPhones the first weekend they’re on sale. The analysts are delighted, right? No. Instead they channel their inner Gordon Ramsay and shout a collective, ‘Not good enough!'”
“The strange dichotomy with Apple coverage is you have, on the one hand, a loyal core of writers who follow the company closely,” Rogowsky writes. “But on the other hand, you have much of the mainstream technology and financial media, which has a difficult time finding much of anything positive to say about Apple on a day-to-day basis.”
“The opening weekend figures, in fact, suggest that Apple’s plan is working exactly as it hoped. Already, 200 million iOS devices have upgraded to iOS 7, a breathtaking number that’s twice as many as picked up iOS 6 last year. (In fairness, there are more devices to upgrade.) And, Apple can still get the faithful out to buy its new phone, even waiting on lines for days to be first,” Rogowsky writes. “Tim Cook and Apple management don’t talk sales goals, but I imagine somewhere in Cupertino they’re looking at a figure that many a Hollywood blockbuster shoots for these days — 200 million. If that many iPhones are sold, it would mean 40% growth in units and likely more than enough in profits to send the stock moving back upwards. Just don’t expect it to please the analysts, who’ll surely tell you why it’s not good news.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “JES42” for the heads up.]