Apple Inc (AAPL)’s iPhone 6s and 6s Plus models went on sale Friday. And Wall Street is upbeat on the initial appetite for both. Wsj
“Our Apple Store checks this morning have been positive out of the gates as demand looks ‘very strong’ across many of the flagship stores,” said Daniel Ives, an analyst at FBR & Co. He has an “outperform” rating on shares of the tech giant and thinks launch weekend will yield sales of about 12 million units. Wsj
The release of the iPhone 6s comes amid concerns demand through the product cycle won’t be nearly as robust as that for the iPhone 6. Apple’s stock is down 0.2% Friday, slightly underperforming the S&P 500, which is off 0.1%. WSJ
On Friday, Shares of Apple Inc. (NASDAQ:AAPL), lost -0.25% to $114.71.
According to details report, On Friday, Apple is finally lifting the velvet rope on the iPhone 6S and 6S Plus, and location-based social network Foursquare estimates it will sell 13-15 million units over the weekend. fortune
Analysts are saying demand for the new iPhone models will be high as the new versions hit stores recently, with some estimating Apple Inc. will sell about 11 million or 12 million of the devices during the launch weekend. Bizjournals
This morning, Mr. Munster tallied 650 people in line for the iPhone 6s models at Apple’s Fifth Avenue flagship store in New York City. That’s far less than the record 1880 Mr. Munster counted outside the same store last September. Though he said the shorter line this year is “generally” on par with his expectations for three reasons. WSJ
First, he said China was added as a launch country for the first time this year, reducing iPhone re-sellers lined up for the 6s models. Second, Mr. Munster wrote that “s” cycles have historically had shorter lines than their respective number change cycles. And last, he said that Apple continues to promote pre-orders, or online sales. WSJ
“Our time spent talking to customers reveals that the Rose gold model is a major selling point with roughly 35 percent of customers we spoke with choosing this model,” the report states. “Improved battery life, a 12 megapixel camera, and 3D Touch were the most cited reasons for why customers wanted the iPhone 6s.” Bizjournals
S&P Capital IQ, a New York-based financial information provider, is also expecting robust demand for the devices, with an estimate that Apple will sell 12 million devices the initial weekend. Bizjournals
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, watches, and portable digital music players worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It offers iPhone, a line of smartphones that comprise a phone, music player, and Internet device; iPad, a line of multi-purpose tablets; Mac, a line of desktop and portable personal computers; iPod, a line of portable digital music and media players, such as iPod touch, iPod nano, and iPod shuffle; and Apple Watches, personal electronic devices that combine watch technology with an iOS-based user interface.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
