SAN FRANSISCO: Apple Inc sold a higher-than-expected 9 million iPhone 5s and iPhone 5c models in the first three days following their Friday launch, prompting the company to issue a more optimistic financial forecast.
Apple shares rose 4.5 percent to $488.64 in early trading on Monday following the news.
Sales of the new models were nearly double those of the iPhone 5 in the first weekend after its launch a year ago. The iPhone 5 sold 5 million in its first three days on the market.
“It’s a great number,” Colin Gillis, an analyst with BGC Partners, of the sales figure for the 5s and 5c. “We have been saying they will be selling every 5s they can make and it looks like that is the case.”
Wall Street analysts had expected Apple to sell about 6 million of the two new iPhones.