Apple’s expected sales of six to ten million of the IPhone 5 within the first week disappointed shareholders as share prices fell 1.3% during the day of Monday September 24. According to statistics, 5 million IPhone 5’s were sold during the first week, apparently this is considered a “disappointment” which in my perspective is mind-boggling because these statistics considering the industry is extremely high. Samsung compared to Apple has spent much more money in marketing, an example being the sponsor phone for the 2012 London Olympic Games, and which Samsung sold ten million S3’s in two months. The numbers within the two companies are incomparable.  People have acquired such high expectations for Apple that sales below estimated guesses are considered “disappointment”. Share prices may have declined due to an incident on Monday regarding a brawl in FoxConn’s factory, this may have caused people to expect some sort of unnecessary problems regarding manufacturing of Apple products, however; if I held Apple shares; it would be very unlikely that i would sell them in this situation.

http://www.theglobeandmail.com/globe-investor/markets/market-blog/apple-disappointment-5-million-iphones-sold/article4563264/

http://www.theglobeandmail.com/news/world/apple-supplier-foxconns-factory-halted-in-china-after-brawl-of-2000-workers/article4562969/

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