Apple sells 2 million new phones, shares touch $700

Source: Reuters

(Reuters) - Apple Inc booked orders for over two million iPhone 5 models in the first 24 hours, reflecting a higher-than-expected demand for the consumer device giant's new smartphone and setting it up for a strong holiday quarter.

Apple shares rose in extended after-market trading to touch $700 per share for the first time. They have gained nearly 22 percent in the past 3-1/2 months in the build-up to the launch of the iPhone 5.

Apple said on Monday that pre-orders outstripped initial supply but it would deliver most phones as planned by Friday, the first day of delivery. Many would not be available until October, however.

It is not unusual for Apple products to sell out the first day but this time around Apple has doubled its first-day sales record. Last October, the company booked 1 million orders for the iPhone 4S, in the first 24 hours. That had beaten Apple's previous one-day record of 600,000 sales for the iPhone 4.

Read more: http://news.yahoo.com/apple-sells-2-million-phones-shares-touch-700-003959948--finance.html

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17 replies	Author	Time	Post
Apple sells 2 million new phones, shares touch $700 (Original post)	onehandle	Sep 2012	OP
Thats great news!	magic59	Sep 2012	#1
I guess Apple should just cancel all the billions their spending in the USA	MightyMopar	Sep 2012	#2
well, there are a lot of Americans that are stupid... and a lot that are not.	defacto7	Sep 2012	#4
Love to see a breakdown of that number	ChromeFoundry	Sep 2012	#7
They're adding a building larger than the Pentagon at their HQ, A huge development in Austin...	onehandle	Sep 2012	#10
Check out Apple's new billion dollar headquarters in Cupertino	MightyMopar	Sep 2012	#15
sheep	defacto7	Sep 2012	#3
how much is this latest iophone ?	JI7	Sep 2012	#5
£ 529 in the UK	dipsydoodle	Sep 2012	#9
They start at $199, but you can get the last version for as little as $0. nt	onehandle	Sep 2012	#11
All-American Apple? iPhone 5’s Monster Lift for China	OhioChick	Sep 2012	#6
As always, I wish their devices were made here, but no company's devices are. nt	onehandle	Sep 2012	#12
Thus my comment: "Greedy corporation, just like the rest."	OhioChick	Sep 2012	#14
It will benefit everyone	Franker65	Sep 2012	#8
Happen to have any proof that it will provide a lift to the US?	cstanleytech	Sep 2012	#13
iPhone could boost American economy by .05%	MightyMopar	Sep 2012	#16
Interesting. Guess we will have to wait and see if it does or doesnt help. nt	cstanleytech	Sep 2012	#17

Response to onehandle (Original post)

Mon Sep 17, 2012, 10:42 PM

magic59 (429 posts)

1. Thats great news!

For China where all that crap is made.

Apple sells 2 million new phones, shares touch $700

1. Thats great news!

2. I guess Apple should just cancel all the billions their spending in the USA

4. well, there are a lot of Americans that are stupid... and a lot that are not.

7. Love to see a breakdown of that number

10. They're adding a building larger than the Pentagon at their HQ, A huge development in Austin...

15. Check out Apple's new billion dollar headquarters in Cupertino

3. sheep

5. how much is this latest iophone ?

9. £ 529 in the UK

11. They start at $199, but you can get the last version for as little as $0. nt

6. All-American Apple? iPhone 5’s Monster Lift for China

12. As always, I wish their devices were made here, but no company's devices are. nt

14. Thus my comment: "Greedy corporation, just like the rest."

8. It will benefit everyone

13. Happen to have any proof that it will provide a lift to the US?

16. iPhone could boost American economy by .05%

17. Interesting. Guess we will have to wait and see if it does or doesnt help. nt