Apple Sets Record with 9M Opening Weekend iPhone Sales
Shares of Apple are soaring to the upside Monday morning on news that the iPhone maker sold a record number of new iPhones over the opening launch weekend for iPhone 5S and iPhone 5C.
Blowing past even the most optimistic of analyst expectations, Apple sold nine million new iPhone 5s and iPhone 5c models in their first three days of availability.
Perhaps just as impressively, more than 200 million iOS devices are now running iOS 7, making it the fastest software upgrade in history.
As of Friday, both iPhone 5s and iPhone 5c have been made available to consumers in the US, Australia, Canada, China, France, Germany, Hong Kong, Japan, Puerto Rico, Singapore and the UK.
According to details shared by Apple today, demand for iPhone 5s has exceeded the initial supply, and many online orders are scheduled to be shipped in the coming weeks.
“This is our best iPhone launch yet―more than nine million new iPhones sold―a new record for first weekend sales,” said Tim Cook, Apple’s CEO. “The demand for the new iPhones has been incredible, and while we’ve sold out of our initial supply of iPhone 5s, stores continue to receive new iPhone shipments regularly. We appreciate everyone’s patience and are working hard to build enough new iPhones for everyone.”