Apple’s shares have risen to a record high as the tech giant’s new iPhone 5 has smashed pre-delivery sales records.
Apple announced that online orders for the phone exceeded two million on Friday, the first day consumers could makes purchases over the web.
The performance more than doubled the one million mark for first-day online sales set by the iPhone 4S last year.
According to the Telegraph, shares in Apple touched a fresh high of 700 dollars, closing up 1.2 percent at 699.78 dollars.
They have soared 70pc this year, punishing those who believed that a company that was close to bankruptcy in the late 1990s could not sustain its growth, the paper said.
According to the report, with a value of 650 billion dollars Apple is now comfortably the world’s biggest company.
Apple said that it received over 2 million advance bookings for iPhone 5 within the first 24 hours of pre-orders. This is double the number of pre-bookings the company received for the iPhone 4S last year.
Philip Schiller, the senior vice president of worldwide marketing for Apple called the customer response “phenomenal.”
US mobile provider AT&T said it set a sales record with Apple’s iPhone 5 over the weekend, making it the fastest-selling iPhone the company has ever offered. The carrier claimed on Monday that customers had ordered more iPhones from AT&T than any previous model both on its first day of pre-orders and over the weekend.
However, AT&T did not provide the exact sales figures of total iPhones sold. The company said iPhone 5 was still available for pre-order and would be available at AT&T retail stores from September 21.
On Friday, even as the day pre-orders began, Apple’s initial stocks finished within a few hours and the shipping time for the device was extended to October instead of a week. And even though Apple iPhone 5 will be available in stores on September 21, a few buyers have already started lining up in front of the company’s store on New York’s 5th Avenue a week in advance. Technology website CNET has reported that people with heavy coats and sleeping bags were seen standing outside the retail outlet, popularly known as the Cube. Similar was the case at Apple’s store on Regent Street in London to buy the iPhone 5 where some buyers have been already camping to buy the iPhone 5.
Apple is expected to sell approximately 10 million units of the iPhone 5 in September itself. Its arch rival Samsung’s flagship Galaxy S III took around two months to reach the same milestone.
In August, Samsung Galaxy S III outsold Apple iPhone 4S in the US market for the first time ever in the previous quarter.
It’s not called iPad 3 or iPad HD. It’s just iPad. The new Apple tablet that launches on Friday is modest that way.
On the outside the new iPad looks just like the iPad 2. The shape and size haven’t really changed. In fact, if you’re a Starbucks poser, you may be disappointed that the person at the next table won’t necessarily know to be envious that you are using the third generation of the iPad.
On the inside, well, that’s a different story.
Apple’s next-generation iPad tablet will go on sale in initial launch markets on March 16th according to a new report. Citing an unnamed “Apple Store source.”
Apple watcher 9to5Mac claims that preparations are being made for an event within Apple Stores that is scheduled to take place on the 16th.
Given the timing, it seems likely that such an event would focus on Apple’s iPad 3 — or iPad HD, as it may be called. Apple Stores will reportedly host a separate event some time after the 16th, but details surrounding this possible additional product launch were not made available.
Nearly two years after tech blogs screamed “Antennagate!” over problems with the iPhone 4′s reception, owners will be getting a little pocket change for their troubles.
Apple over the weekend settled a class-action lawsuit filed about the issue, promising to pay $15 or give a free case to everyone in the United States who bought one of the wildly popular phones.
Apple on Friday suspended the sale of its new iPhone 4S at some stores in mainland China after a rowdy egg-throwing crowd disrupted the device’s debut at one of its two official stores in Beijing.
Would-be customers, many of whom had waited overnight in the freezing cold to be among the first to purchase the latest iPhone, became so unruly when the store at the swank Sanlitun shopping district failed to open its doors that Apple was forced to cancel first-day sales there, All Things Digital reported.
Rather than risk a repeat of the incident, the company has decided not to sell the 4S at any of its retail stores in Beijing and Shanghai. Instead, it will sell the device through its website and carrier partners.