“Apple did it! It sold 13 million new iPhones in the first weekend – beating expectations and sales numbers from the launch of the last version of the phone,” Matt Krantz reports for USA Today. “But even these numbers aren’t enough to impress investors.”
“Shares of Apple are down $1.41, or 1.3%, to $113.25 Monday as investors react to the weekend sales statistics of the new iPhone,” Krantz reports. “Bulls were hoping strong sales of Apple’s latest smartphone model would be the catalyst to get the stock working again. Guess not – partially because the numbers aren’t as solid as they sound.”
“The number is a bit distorted because this year 12 global regions including China were included in launch, versus 10 last year, says Abhey Lamba of Mizuho,” Krantz reports. “China wasn’t included at launch last year.”
Read more in the full article here.
MacDailyNews Take: This too shall pass.
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