Wall Street is not impressed with Apple's historic iPhone sales | Cult of Mac

Wall Street is not impressed with Apple’s historic iPhone sales


Apple shares took a tumble this morning.
Apple shares took a tumble this morning.
Photo: Buster Hein/Cult of Mac

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.