Apple (AAPL) Sells 10 Million iPhones In Opening Weekend
Zacks Investment Research | Sep 24, 2014 12:16AM ET
In Apple’s opening weekend for iPhone 6 sales, they announced they had sold over 10 million. This is a record for Apple(NASDAQ:AAPL) but was in line with analyst expectations. The 10 million in sales this year beat last year’s iPhone 5S/5C sales of about 9 million.
The 4.7” iPhone 6 and the larger 5.5” iPhone 6 plus went on sales in retail stores a week later on September 19. Apple had said earlier that it received more than four million preorders of the two new iPhones on Sept. 12 when it started accepting orders.
Apple chief executive Tim Cook said he "couldn't be happier" with the iPhone sales, saying that they "exceeded our expectations."
The iPhone sales were so popular that some of the preorders weren’t counted in the first weekend sales since the order were still waiting to be filled. The shortages were more common with the larger sized iPhone 6 plus, which comes with a 5.5” screen.
"Sales for iPhone 6 and iPhone 6 Plus exceeded our expectations for the launch weekend, and we couldn’t be happier," says Apple CEO Tim Cook. "While our team managed the manufacturing ramp better than ever before, we could have sold many more iPhones with greater supply and we are working hard to fill orders as quickly as possible."
One aspect of the iPhone debut that is raising eyebrows are that the new phones are still not for sale in China. There are sights where residents from Hong Kong are sneaking them into mainland China and selling iPhones up to a price of $3,000.
Hong Kong authorities said Sunday that they foiled an apparent attempt to smuggle HK$3 million ($387,000) worth of high-end electronics—including at least 138 new iPhones—that were being loaded onto a speedboat in a rural coastal area opposite the Chinese shore.
Last year, the iPhone 5s and 5c were immediately available in China, but Apple has not said when the latest models will be available there.
Market Share
From a global look, the Android operating system dominates in market share. But in the U.S., the iPhone is the No. 1 device, with 41.9% market share, compared to 27.8% for runner-up Samsung (LONDON:0593xq) and its Galaxy line.
In Q2 2014, Android held an 84.7% market share, iOS held an 11.7% market share, followed by Windows Phone, BlackBerry (NASDAQ:BBRY) OS, and others.
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