Apple announced on Monday that its new iPhones has sold nine million units over the weekend.
The Cupertino-based company reported that its total sales went beyond the anticipated figure of analysts. It is also better than how it did on its previous years beating iPhone 5 which only sold five million during its weekend release. However, the recent report didn’t detail the number share of the low-cost iPhone 5C on the reported turnout.
A five percent improvement was also seen in the stock market as the stock value closed at $490.64 on the Nasdaq Stock Market.
Despite the seemingly good weekend sales report, analysts were not convinced that the company did really well. The numbers include pre-ordered iPhone 5C from retailers and non-retailers.
Gene Munster, an analyst at Piper Jaffray told Wall Street Journal , "If you adjust for the 5C, it's not the blowout that it initially looks like.” He thinks that three to four million iPhone 5C handsets are still with retailers and that the total number of handsets sold to individual consumers are roughly 5.5 million.
Evaluating the demand for the newly released phones versus the former iPhone 5 is difficult because more countries are involved in these recent sales than in the sales of iPhone 5 last year. China, in particular, is a big smartphone market.
However, analysts reiterate that the result was greater that what they anticipated, as indicated by the longer lines at stores than the previous year. Some analysts, on the other hand, were disappointed because iPhone 5C wasn’t that low-priced to attract new class of buyers.
Raj Aggarwal, the Boston-based research firm Localytics’ chief executive, warned that the preliminary data didn't essentially show the long-term prospects for the iPhone 5C because sales on the opening weekend could have been disfigured by hardcore buyers.
Apple chief executive is also pleased on the weekend sales turnout. He tweeted on Monday, "Thanks to all our amazing customers for the fantastic weekend."
