Tim Cook revealed that Apple sold more iPhones 6s units this weekend than any other iPhone launch in history, but apparently the historic sales just aren’t enough to please Wall Street.
Apple stock was trading as low as 112.57 this morning after closing at 114.71 last week. The company says it sold 13 million iPhone 6s and 6s Plus units this weekend, but some Wall Street analysts were hoping for at least 14 million. Apple expert Ben Bajarin says if it weren’t for China, iPhone 6s sales probably would have been flat year-over-year.
While Wall Street wants more iPhone sales, every other smartphone manufacturer on the planet is lusting after Apple’s sales numbers. Even mighty Samsung was barely able to sell 10 million Galaxy S6 units in the first month.
“Customers’ feedback is incredible and they are loving 3D Touch and Live Photos,” said Tim Cook in a statement today. “We can’t wait to bring iPhone 6s and iPhone 6s Plus to customers in even more countries.”
iPhone 6s sales should see a bump in a few weeks when the device becomes available in Italy, Mexico, Russia, Spain, Taiwan, and nearly 40 additional countries on October 9th. Apple plans to make the iPhone 6s available in 130 countries by the end of 2015.
Buster Hein is a freelance writer who lives in Phoenix, Arizona. Twitter: @bst3r.
18 responses to “Wall Street is not impressed with Apple’s historic iPhone sales”
Apple could release an iPhone with a year long battery life and 10k video with 100TB of ram and the stock would still tumble. There is no logic.
This is totally BGR style click-bait crap. The whole market is tanked, again. This has nothing to do with Apple.
Greg is absolutely correct. When will these idiots stop the Apple bashing already
First weekend sales disappoint? Give me a break. No matter the macro forces impacting initial sales of iPhones, Apple is going to report a number decided upon weeks ago, no more, no less.
All this handwringing over first weekend sales makes for good media fodder and office “pools” but nothing else
In fact, to within 2.5% Apple already knows how many iPhones will ship/sell during the December quarter. They contracted for that number 4 – 6 months ago. Its the only way a JIT supply chain for such a complex product can function.
God I wish someone knowledgeable about production and supply chain management would write about Apple’s iPhone ramp.
Do you honestly think anyone on Wall Street is concerned with production limits and supply chain management? Boooring! They believe Apple should simply produce iPhones like how jeebus produced an endless supply of loaves and fishes for the hungry. Investors are hungry for big numbers and must be satisfied or suffer their wrath. Not one analyst ever worked on a production line or in a component producing factory, so they’re clueless. They sit at their desks and only imagine how things get produced. Any shortfall is Apple’s problem and not theirs.
Ah, somebody gets it.
WallSteeetMarketManipulation
sorryspacebarstoppedworking
ThingsAreBetterThisWay. SoonYou’llUnderstand.
People, the market reacts not to the news, but to the expectations
And their (ANALysts) expectations are always too high, especially concerning Apple.
Pffft. Only 13 million iPhones for the weekend. Investors were expecting at least 15 million. Why does Apple keep disappointing investors every freaking quarter? Why does the news media even bother tracking Apple when they know it’s going to fail like clockwork? Anyone should realize Apple is not Amazon or Google. Completely different investor mentality at work. Those investors rejoice at every little thing at those companies. Apple has already gone as high as it going to go unless they can invent some time warp device. Absolutely nothing that comes from Apple is exciting enough to please investors. Instead of Apple throwing away $140 billion on stock buybacks, they should have paid that amount to spend a week at Area 51 for alien technology. Then Apple might be able to endlessly power all their mobile devices by building some fusion battery pack. If investors yawn at that then I know Apple is doomed without any doubt.
/s
•Investors• were not expecting more, at least not the everyday Apple investor. They are happy with Apple’s performance. It’s the Wall Street ANALysts—who know absolutely nothing about the company other than what they chart second-by-second with their PCs—who are responsible for unreasonable, even bizarre expectations.
Further, to think that Apple no longer innovates, or that it would even matter if it didn’t, is ridiculous. Shell, AT&T, Amazon, Caterpillar, in fact few of the global corporate juggernauts innovate at all. Compared to all other companies of its kind put together, Apple innovates massively. To make the argument that “lack of innovation” is a problem for Apple is simply wrong.
From the first Macintosh in 1984 until today, Apple has its constant detractors. Haters gonna hate, and in this case, even in the face of undeniable, ongoing success.
“Wall Street is not impressed with Apple’s historic iPhone sales”
Clueless ANALysts, greedy investors and computers that don’t any better “expected” more, sending Apple stock down as they always do following Apple’s record-breaking sales. Ridiculous, and costly for everyone except the stock brokers.
We are a society founded on the core principles of greed, greed and more greed.
Apple’s problem is that it can’t exceed analysts’ expectations by as much as the analysts expect Apple to exceed their expectations by.
Last year they sold 10 million in 10 markets. This year they sold 13 million in 12. If not for the addition of those two markets, sales would indeed be flat. Of course Wall Street paid attention, and of course they were disappointed. The reality is that Apple failed to generate the same level of demand as last year. The only ones saying that this wasn’t going to happen have been Apple themselves.
Apple sold exactly as many as they planned to sell. It has nothing to do wi9th the number of markets, etc.
Apple begins shipping on the last Friday of the quarter, reports sales from then through the first day of the next quarter soy can’t see how much was attributable to the just completed quarter.
Why all this subterfuge? If it weren’t for iPhone launch sales FQ4 iPhone sales would be a repetitive disaster as buyers put off purchases awaiting the new model.
Apple Should Go Private（From Public to Private = P2P）!
ENOUGH IS ENOUGH FOR ” Stock Manipulation ” by VILLAIN Who Manipulate AAPL More Than 3~4 Years.
WE ALL KNOW ” Market is Rigged ” by Shenanigans !!!!!!
Unless ” French Revolution ” in U.S. Happens, AAPL Will Be Made Toy & Plaything till Unitary State of U.S. Collapse by Illuminati & Rothchilde Who Mastermind HFT（High Frequency Traders）At Their Will.
It is Ordinary Normal AAPL Owners All Over The World that Suffer MOST by VILLAIN’S STOCK MANIPULATION !
Self-Cleansing System DOESN’T WORK in The DISTORTED CAPITALISM Such As Political & Economical ENTITY Under Control of Illuminati & Rothchilde !!!!!!
high-frequency traders test prices by issuing buy or sell orders that are withdrawn in milliseconds, giving those traders insight into investors’ willingness to trade at specific prices. High-frequency traders can also earn tiny profits, millions of times over, from “rebates” provided by exchanges to players willing to buy and sell when there is a shortage of other traders.
Manipulation Definitely Happens Where Traders will show non-bona fide interest on one side of the market to provoke other traders or algos to react. It’s known as ” LAYERING ” or ” SPOOFING ” and like any behavior where you’re placing orders to influence others rather than out of an interest to trade, it’s illegal.
Most cases of this or similar behavior like stop running have involved human traders at loosely regulated click trading shops or smaller electronic firms that don’t play by the rules: