sincity Posted September 24, 2013 Share Posted September 24, 2013 Very soon after Apple had triumphantly announced it sold 9 million new iPhones through the first weekend of availability, speculation started percolating about whether the sell-through to consumers was actually far less than that, possibly around 5.5 million units. Some analysts believe that much of the channel buildup is iPhone 5c units, which haven't sold as well as the flagship iPhone 5s. The curious thing about Apple's share price is that it is hovering around $490 on Tuesday afternoon. That is less than 5% above the level where Apple's stock was trading before the company made the dramatic debut weekend sales announcement. It seems odd that the stock has not moved up more than that — Wall Street's weekend unit consensus was 5-6 million and beating that by more than 50% should have triggered an ecstatic response. It looks like some investors are buying the channel fill theory and refraining from jubilation at the moment. Continue reading... View the full article Quote Link to comment Share on other sites More sharing options...
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