Oct
17
Apple Inc. (AAPL) Strikes Again
Posted by: connorwilson | October 17, 2011 | Leave a Comment
With the release of the new Apple iPhone 4s devices, companies like RIM and Android shut their eyes and waited out the storm of crazed consumers for the latest and greatest apple product. Apple this weekend, sold more than 4 million iPhone devices, setting records as customers lined up at stores from Sydney to San Francisco to be the first with the new device.
Iphone releases their newest Iphone 4s this past weekend.
This release could not have been at a better time. With the loss of the chief executive officer Steve Jobs, Apple was in a stage of remorse, but this release has yet again jump started and re-vamped Apple back to the top of the charts having ““Higher-than-expected sales ” possibly due to the result of the additional two carriers which have been added since the iPhone was originally released.
With a two-year contract, the iPhone 4S costs $199, $299 or $399, depending on amount of memory. The stock rose less than a percent to $425.32 at 10:44 a.m. New York time. Expectations for high sales helped push Apple’s shares up 3.3 percent to $422 in U.S. trading on Oct. 14. The shares have risen 31 percent this year before today.
Though the iPhone 4s Release was a major hit to the companies success, Sales from this device will not be posted in the companies fourth quarter results.” In the period, profit jumped 62 percent to $6.98 billion on sales of $29.6 billion, according to the average estimate of analysts surveyed by Bloomberg.”
