As new iPhone 6s/Plus set new all-time smartphone sales record, Apple shares decline

“For Apple, iPhone 6S sounds like success,” Patrick Seitz reports for Investor’s Business Daily. “The Cupertino, Calif.-based company announced Monday that it sold more than 13 million iPhone 6S and 6S Plus models in their first three days of retail availability.”

“That beats the previous record of 10 million units, set last year during the opening weekend of iPhone 6 sales,” Seitz reports. “Apple beat Wall Street’s sales target of 12 million iPhone 6S units for the opening weekend, FBR analyst Daniel Ives said in a research report Monday,” Seitz reports. “”

“Investors appeared unimpressed with Apple’s iPhone 6S sales figure,” Seitz reports. “Apple stock was down 1%, near 113, in morning trading on the stock market today, though the major indexes were all down more than 1% or nearly 1%.”

Read more in the full article here.

MacDailyNews Take: We’re going to go out on a limb here and suggest that concern over the timing of a potential rate hike in the U.S. and worries over global economic growth are contributing more to the decline in AAPL shares than record iPhone sales.

SEE ALSO:
Apple’s iPhone juggernaut continues with record-breaking sales while Android peddlers fight over scraps – September 28, 2015
Apple sets all-time smartphone sales record with 13 million iPhone 6s/Plus units sold in first weekend – September 28, 2015

[Thanks to MacDailyNews Reader “Edward W” for the heads up.]

16 Comments

  1. Wow… We now have to digg to find the reason why AAPL is down.

    Trust me, with only 13% market share, WS manipulator and the like will need some decent creativity over the next years.

    They can’t simply assume one tech giant is making it right and all the other are left with bits and pieces…

    We live in a crooked world.

  2. You people need to stop getting false hope if Apple beats this or that record how the stock will suddenly go up. It’s not going to happen. Apple has produced good numbers for most of the year and the stock has only fallen. I stupidly thought the stock buyback might help some but Apple apparently flushed $140 billion down the world’s biggest toilet. For that amount of money, Apple could have sent 50 astronauts to Mars and back and had change left over.

    At least Wall Street couldn’t smugly say, “Been there, done that” like they do with everything else Apple produces. Apple could have placed a claim over the entire planet of Mars and charge a billion dollars for anyone else for landing there. That might make Apple’s stock go up. I said MIGHT. There’s still no guarantee of that happening.

    /s

  3. The Nasdaq went down 3.04% today. Apple went down 1.84% today.

    That’s good, folks! That’s not bad. A 3% drop is a major pull on the market. That Apple went down a lot less shows strength, not weakness. Yes, it could have been better, but Apple is mainly a consumer company, and so it’s tied somewhat to the market. Don’t worry.

    1. No. There will be something better next year and something even better in subsequent years. There always has been and always will be.

      Alternatively simply upgrade when you can afford to. If you keep an iPhone for more than a couple of years, the next one you buy will always be a massive upgrade over the one you’re using.

  4. WAIT FOR ME!!!

    Google is looking for new ways to create demand for devices with the Android operating system, which manufacturers can use at no cost, often leading to fragmented user experiences. The software claimed 83 percent of the sector in the second quarter, slightly down from 85 percent in the year-ago period, according to IDC. Apple devices climbed to 14 percent from 12 percent.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.