Monday, November 5, 2012

Apple Inc. (NASDAQ:AAPL) Shares Rebound On Solid Debut Weekend Sales Of iPads

Shares of Apple Inc.(NASDAQ:AAPL) rebounded quickly in pre-market session after the company reported a better than estimated weekend sales of recently launched iPad mini and fourth-generation iPad.

The world’ largest company b value disclosed that it sold as much as 3 million units of its iPad mini and fourth-generation iPad in the opening weekend, well above estimated 1 million to 1.5 million by Gene Munster, an analyst at Piper Jaffray Cos. (PJC). While, in line with Walter Piecyk ‘s of BTIG Research estimate of 3 million units, which was expected to demonstrate adequate demand.

On the positive note, the company further stated that the demand for its products outperformed the the initial supply and while many of the pre-orders have been shipped to customers, some are scheduled to be shipped later this month.

The solid nubbers came in despite the fact that few stores were opened during the weekend due to Hurricane Sandy, which resulted in power blackouts and hobbled transportation. Two of the company’s five stores were closed as well as some in New Jersey because of the damage.

Shares of AAPL are now up 1.20% in the pre open session after falling about .80% before tha data. Last week, the stock was down 6.5%.

1 comment:

  1. Apple is going to do great, the shares will rebound today but not to high as people are waiting to see results of election. I am not a democrat or republican, but in terms of tech. Obama has done alot to support new start ups, address the skill shortage in the sector ect... Obama also is more focused on renewable tech. then Romney hence if Obama is elected many savvy investors will pull their money out of oil as concerned re: Obama's direction in this regard and find other viable places like Apple to put their money. In terms of Apple directly, revenue has been slightly down, in the last two quarters although still profit was in 8 billions for both that is larger than most companies annual revenue yet alone quarterly profits, and is fantastic, but down a little as there have been higher costs for Apple in getting so many new refreshes to new products started up. Fiscal year 2013 is going to be excellent for Apple, investors/Apple customers who love Apple email tcook@apple.com encouarging and motivating him to continue to innovate current products and create new products, with flare and imagination, that is the Apple way to continue to think and imagine, Apple is such a great company it must remain that way.


Privacy Policy | Legal Disclaimer