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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.