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  • AAPL Touches New Record High on iPhone 5 Launch


    On Friday, shares of Apple reached a new all-time high.

    On what was the first day of preorders for the freshly-unveiled iPhone 5, AAPL exploded to the upside trading at $696.82. If AAPL doesn't reach $700 today, it easily could early next week should weekend sales of the iPhone 5 prove to be as strong as they look to be.

    As of this writing, it is believed that Apple's initial inventory of iPhone 5s for September 21st delivery is already gone. Shipping times have quickly ballooned to two-weeks and we're less than 12 hours into the preordering process.

    To go along nicely with the Apple stock surge is a new bevy of compliments from leading Wall Street and tech industry analysts like Piper Jaffray's Gene Munster. On Friday, Munster chimed in on what he thinks the iPhone 5 will mean for consumers.

    "We believe the sentiment around iPhone 5 was significantly better than that of the iPhone 4S," Munster said this morning. "Based on the same study by Investing Analytics, we believe that 73% of tweets about the iPhone 5 during launch day were positive compared to 51% for the iPhone 4S launch. We believe this is to be expected given the phone is redesigned while the iPhone 4S was not."

    Munster calls the iPhone 5 is a veritable "Rolex" in a market full of "Timex" products and will like enjoy sales of 6 to 10 million units in the September quarter.

    Source: Business Insider
    This article was originally published in forum thread: AAPL Touches New Record High on iPhone 5 Launch started by Michael Essany View original post
    Comments 44 Comments
    1. luvmytj's Avatar
      luvmytj -
      Quote Originally Posted by BIMPtacular View Post
      I don't get the people that just want to say "If you don't love Apple then leave!". This USED to be a tech site about iPhone mods and hacks and it's turned into some strange fanboy defense mechanism. From a technical aspect there is nothing amazing about the new iPhone. Software-wise it's basically the same as the 4s. If you want a bigger screen for $200-400, or whatever the price ranges are, then go for it. Why bash the people that don't understand the relevance of the device though? Kind of childish and catty. Some people actually like to use forums for discussion, debate, and the exchange of ideas/experiences, not just to blindly praise a company that only wants your money.
      You seem to be confused. I have never seen a post other than yours that said "If you don't love Apple then leave!" This is a site for constructive discussions and modding for iDevices. There are many trolls here who come to say how crappy an iDevice is compared to a Samsung or whatever your preferred phone is. What is the point of coming here just to bash iDevices? I don't go on Android forums and bash Android phones and then promote iDevices. It obvious that they are trolls with nothing better to do.
    1. Andaz's Avatar
      Andaz -
      Till next iPhone when apple map gets level with google map..
    1. jwil736's Avatar
      jwil736 -
      Quote Originally Posted by brab View Post
      You have some proof of this or you are just talking out of your a**?
      I've yet to see a benchmark posted...seems that you are all-knowing...
      It was a claim made by apple in the keynote. Can't wait to see the benchmark.
    1. jwil736's Avatar
      jwil736 -
      Quote Originally Posted by brab View Post
      You have some proof of this or you are just talking out of your a**?
      I've yet to see a benchmark posted...seems that you are all-knowing...
      There you go read up til your hearts content.

      http://www.macrumors.com/2012/09/16/...e-1ghz-a6-cpu/

      http://browser.primatelabs.com/android-benchmarks