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Cirrus Logic Inc. Message Board

  • lookingtohighergrowth lookingtohighergrowth Sep 23, 2013 8:51 AM Flag

    Apple sold 9 million iPhones over weekend.....up 20 pts in pre-market

    I got this from the Apple message board, so take it with a grain of salt. But the 20 pts up in pre-market I read off Yahoo....that's up by about 4%. Good news. Let's see how this affects Cirrus

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    • report on Apple Insider also --Apple announces sales of 9 million iPhone 5s & 5c units in first 3 days
      and over 200 million devices upgraded to IOS 7 already

      Sentiment: Strong Buy

    • I'm Long Crus, naturally I want Apple to regain as much market share as possible. But am I the only one who thinks those new "C" phones look like they're from Fisher-Price? They really look bad. I can't help but think Samsung had a good laugh over that.

    • As of this post, Apple pre-market is up 30 pts, over 6% increase...

      By NATHALIE TADENACONNECTApple Inc. AAPL -1.05%sold a record nine million of its latest iPhones in their first three days in stores, selling out of the initial supplies of the more expensive model.

      The company also said more than 200 million iOS devices are now running on its new iOS7 system, the fastest software upgrade in history. iOS7 is the first major design overhaul of the mobile operating system Apple first introduced in 2007 that gave rise to the booming apps economy.

      Apple shares jumped 3.6% to $484.20 in premarket trading. Through Friday's close, the stock is up 13% over the past three months.

      "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," said Chief Executive Tim Cook.

      The company didn't break out the sales by model.

      Apple two weeks ago unveiled two new iPhone models but didn't stray far from its traditional form factors and pricing. The new flagship iPhone 5S includes a faster processor, a better camera and a new fingerprint scanner. A second, less expensive model called the iPhone 5C repackages much of the technology from last year's device in a new colorful plastic case.

      The Wall Street Journal reported last week that demand for the gold 5S was so strong in China and Hong Kong that Apple already has asked its suppliers to increase production of that model, citing people familiar with the matter.

      As the world-wide market for smartphones has increased, Apple has lost market share, particularly outside the U.S. and among first-time smartphone buyers. On the low end, competitors have been able to come in far below Apple's prices. On the high end, rival Samsung Electronics Co. has attracted customers with varied screen sizes and increasingly more impressive features, such as a pen to draw notes, and more advanced camera systems.

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