“With Apple having announced all-time record iPhone sales, you might have expected analysts and investors to be impressed, and to see the AAPL share price rise as a result,” Ben Lovejoy writes for 9to5Mac. “Instead, the stock is actually down a little – so what gives?”
“The answer, like the one to so many questions today, is: China,” Lovejoy writes. “This is the first iPhone launch where mainland China, and not just Hong Kong, has been included from day one. This means the opening weekend sales of 13M versus 10M last year aren’t like-for-like.”
“Apple sold 13M iPhones worldwide in its opening weekend. Taking 28% of that number to be in China, that’s 3.64M,” Lovejoy writes. “Take that from 13M and the like-for-like comparison with last year is 9.36M – a drop from last year’s 10M.”
Read more in the full article here.
MacDailyNews Take: Many buyers in the U.S. may be holding off until after the initial rush to figure out exactly what’s required to extract themselves from 2-year plans and move to Apple’s annual iPhone Upgrade Program which is offered exclusively at Apple’s U.S. retail stores – places to avoid during launch week when you want full explanations regarding making the move.
[Thanks to MacDailyNews Reader “Timsons” for the heads up.]