The crowds lining outside Apple stores around the world signal strong and record-breaking opening weekend sales for Apple's iPhone 5S and 5c. Lines stretched for a mile in the Regent Street Apple store in London. In Tokyo, some customers started camping for as long as five days before yesterday's launch.
New York BTIG Analyst Walter Piecyk told Bloomberg the turnout was very good for Apple. He estimated that more than 6 million handsets would be sold over the weekend. Other analysts however, predicted higher sales. Ben Reitzes of Barclays said sales could go to as much as 7 million units. Glen Yeung of Citigroup Inc said sales of the newest iPhones could be in the vicinity of 7.75 million handsets.Last year, Apple said sold 5 million units for the iPhone 5 in its opening weekend.
Stakeholders would await the official record from the company. The press release on sales would usually be issued by Apple the Monday after the sales started.
Despite the strong projections, Apple's stock in New York dropped 1% to USD 467.41 in yesterday's trading. According to a Reuters report this was due to investors waiting for the official release of the early sales figures from the company.
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