Iphone 5S Sales Beats Iphone 5C, Gold Version Sold The Most

Apple on Monday announced that it had sold 9 million new iPhone 5s and iPhone 5c models, just three days after the launch of the new devices on 20 September. The iPhone 5 had sold over 5 million devices over the launch weekend. Apple’s latest sales number is big, given that analysts had predicted that

Apple would sell between 6 million and 8 million models during the first weekend. In addition to that Apple’s new iOS 7 has seen over 200 million downloads, and Apple claims that the rate of upgrades from iOS 6 to iOS 7 is its fastest ever.

Tim Cook, Apple’s CEO said in a press release. “The demand for the new iPhones has been incredible, and while we’ve sold out of our initial supply of iPhone 5s, stores continue to receive new iPhone shipments regularly.” Incidentally Tim Cook has just recently joined Twitter and he tweeted out about the success of the iPhone, though he didn’t mention numbers in the tweet. The news of iPhone 5s and 5c’s stellar success meant that Apple’s shares gained $24.35, or more than 5 percent, to hit $491.76 by afternoon trading. Apple’s shares are currently at 490.64 which is $23.23‎ or 4.97 percent higher. Apple also revised its financial forecast to reflect the higher sales, which is rare for the company.

It said revenue in the fiscal fourth quarter would be near the high end of its previous forecast of $34 billion to $37 billion. It said gross profit margin would come in at the top of its previous forecast of 36 percent to 37 percent. As far as the iPhone 5s’ reception is concerned, it is the gold phone that seems to have sparked off the frenzy. This is the first time that Apple has ditched the traditional Black and White iPhone and added gold along with Space Gray and Silver. The gold iPhone was sold out within hours of the launch and according to reports the unlocked gold iPhone is selling for a whopping $10,000 on ebay. The 16 GB version of the gold iPhone costs $649 for the unlocked version.

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- Unknown Updated at: Wednesday, September 25, 2013