After an under-whelming product unveil, Apple's (
) iPhone 5C and 5S officially went on sale today.
While investor sentiment has been muted on the stock, the unit
sales will give analysts a better understanding of how demand is
actually shaping up (side bar - numbers don't lie). On average, the
early reviews are very positive, according to CNET.
Investors are expecting an update on unit sales as early as
Sunday 9/22. Currently, the whisper estimates are looking for 6
million units sold globally over the weekend. The initial 5S
supplies are said to be limited, which could weigh on sales figures
(something to keep in mind).
Shortly after Apple started selling the iPhone 5S online, the
company's ship date for the gold iPhone (across all models and
carriers) was delayed by 7-10 days within 10 minutes and into
October within 30 minutes.
At the flagship store on 5th Avenue in New York City, those that
faithfully waited in long lines for the 64 GB Gold iPhone 5S will
be disappointed as the store had no supply of it available (even if
you were first in line).
The company has asked suppliers to increase production of the
gold iPhone 5S after strong initial demand. Keep an eye on Apple's
chip suppliers -- Qualcomm (
), TriQuint Semiconductor (
), Avago Technologies (
), Skyworks Solutions (
), SK Hynix (HXSCF), and Broadcom (BRCM).
Separately, Apple's iOS7 was available for download
AAPL 479.50 +7.18 +1.52
QCOM 69.38 -0.08 -0.12
TQNT 8.00 0.00 0.00
AVGO 40.75 0.00 0.00
SWKS 25.78 +0.15 +0.59
HXSCF 21.50 0.00 0.00
BRCM 27.80 +0.47 +1.70
Copyright (C) 2013 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.