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Mon Sep 17, 2012, 10:20 PM

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

17 replies, 3621 views

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Response to onehandle (Original post)

Mon Sep 17, 2012, 10:42 PM

1. Thats great news!

 

For China where all that crap is made.

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Response to magic59 (Reply #1)

Mon Sep 17, 2012, 11:29 PM

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

 

I guess Apple should just cancel all the billions they're spending in the USA and spend it in Korea because Americans are stupid.

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Response to MightyMopar (Reply #2)

Tue Sep 18, 2012, 12:16 AM

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

Apple isn't spending that much in America. It keeps much of it's profits over seas waiting for Romney's tax rates to go down and it supports the Chinese workers and economy. Oh, and much of their parts come from Korea too! They keep suing themselves for some reason. That's stupid.

try again.

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Response to MightyMopar (Reply #2)

Tue Sep 18, 2012, 12:35 AM

7. Love to see a breakdown of that number

...but my guess is that your numbers are just imaginary. Or you left your computer logged in and one of those stupid Americans is trying to make you look stupid.

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Response to ChromeFoundry (Reply #7)

Tue Sep 18, 2012, 08:22 AM

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

...multiple data centers around the country (most of which will be solar powered - green jobs), and they are adding/expanding Apple Stores all the time. That's just off the top of my head.

They are hiring tens of thousands here over the next few years alone. Hundreds of thousands of jobs support the Apple ecosystem now and are ever growing, much like the supply system generated by GM.

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Response to onehandle (Reply #10)

Tue Sep 18, 2012, 03:38 PM

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

 

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Response to onehandle (Original post)

Tue Sep 18, 2012, 12:06 AM

3. sheep

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Response to onehandle (Original post)

Tue Sep 18, 2012, 12:24 AM

5. how much is this latest iophone ?

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Response to JI7 (Reply #5)

Tue Sep 18, 2012, 03:59 AM

9. 529 in the UK

http://store.apple.com/uk/browse/home/shop_iphone/family/iphone That's the cheapest one. I guess that's about $ 820.

I do know that on 2 year contracts , with the phone free of charge , the monthly rentals are at least 50% higher than the i4S models.

I've had enough of 2 year contracts - bought myself a Galaxy Note for 400 on ebay and put it on a 1 year pay monthly sim card.

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Response to JI7 (Reply #5)

Tue Sep 18, 2012, 08:23 AM

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

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Response to onehandle (Original post)

Tue Sep 18, 2012, 12:33 AM

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

Published: Monday, 17 Sep 2012 | 12:31 PM ET

Boosted by the red-hot iPhone 5, exports of Apple products will give the Chinese economy a monster lift in the fourth quarter, according to Barclays.

We estimate that as much as one-third of Chinese export growth in 4Q12 will be Apple related, said Jon Windham, an analyst for the firm, in a note Monday.

The new iPhone 5, along with the iPad, iPod and Mac lines, are assembled in China, using many materials from the region as well. The company sold 2 million iPhone 5s in the first 24 hours the device went on sale.

http://www.cnbc.com/id/49061558

Greedy corporation, just like the rest.

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Response to OhioChick (Reply #6)

Tue Sep 18, 2012, 08:26 AM

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

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Response to onehandle (Reply #12)

Tue Sep 18, 2012, 10:32 AM

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

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Response to onehandle (Original post)

Tue Sep 18, 2012, 03:48 AM

8. It will benefit everyone

It will give both the US and Chinese economies a badly needed lift. No matter how you feel about Apple, its good to see some confidence and spending.

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Response to Franker65 (Reply #8)

Tue Sep 18, 2012, 10:19 AM

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

I suspect in china it will because its made over there but how exactly will it provide a lift here when Apple keeps most of its profits offshore to avoid paying taxes on it?

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Response to MightyMopar (Reply #16)

Tue Sep 18, 2012, 06:47 PM

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

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