AAppp­pllee ooppeennss wwi­it­thh 1100 mm­llnn iiPPh­hoonnee66 ssaalleess

Financial Mirror (Cyprus) - - FRONT PAGE -

Ap­ple Inc. re­leased its sales fig­ures for the first week­end of its iPhone 6 re­lease, show­ing that sales set a new record top­ping 10 mln units for var­i­ous iPhone 6 mod­els. This will help to clar­ify the ver­dict from Ap­ple’s re­port from last week - and shares were in­di­cated up on the news in Mon­day’s early in­di­ca­tions, ac­cord­ing to Wall St. an­a­lysts.

That be­ing said, CEO Tim Cook did ap­pear to be leav­ing Ap­ple some wig­gle room in case the to­tal sell-through units come up short against the most ag­gres­sive an­a­lyst ex­pec­ta­tions ahead.

The company even went on to say that iPhone 6 mod­els will be avail­able in more than 20 ad­di­tional coun­tries on Fri­day, with an ex­pected 115 coun­tries by the end of the year.

Ap­ple shares were up 0.8% at $101.82 on Mon­day, ef­fec­tively rev­ers­ing Fri­day’s loss. This still has shares on par to marginally higher, ver­sus last week’s re­lease of record iPhone or­ders - when shares closed at $101.63.

Gene Mun­ster of Piper Jaf­fray re­cently opined that Ap­ple will sell 92 mln units in 2014.

Now that the an­nounced records have been set, the real ver­dict will move out into Oc­to­ber and how th­ese num­bers will trend into rev­enues and earn­ings.

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