After Apple Sells A Record Number Of New iPhones, Its Stock Soars
September 23, 2013
It looks like Wall Street is showing a little bit of love for Apple. Just hours after Cupertino announced impressive first weekend sales numbers for the new iPhones, its share price has jumped nearly 4 percent. Earlier in the day, the gain was closer to 6 percent.
Apple announced that the combined sales for the iPhone 5s and iPhone 5c had topped 9 million units between Friday, Sept. 20 and Sunday, Sept. 22. This beat the previous record for first weekend sales of 5 million units recorded in 2012 with the iPhone 5. The company also announced that more than 200 million iOS devices are now running iOS 7.
One day won't right the year-long slide for Apple stock. For 2013, Apple’s share price is still down 9 percent, and nearly 31 percent year over year.
Apple’s fiscal year ends on Sept. 29.
See also: Apple's iPhone 5s Is 3 Times More Popular Than The iPhone 5c, The AppAdvice Week In Review: Apple Finds Gold During iPhone Launch Week, and Is The Fifth-Gen iPod touch Compatible With The iPhone 5s And iPhone 5c Docks?
