Apple’s new iPhone 4S is officially a hit, despite early reports downplaying the new model as a disappointment. Apple is estimated to have sold between 3 and 4 million of the new handsets over the weekend – and the company’s shares on Friday hit a record US$422 million, a gain of 14 percent on the week.
Apple’s new iPhone 4S is officially a hit, despite early reports downplaying the new model as a disappointment. Apple is estimated to have sold between 3 and 4 million of the new handsets over the weekend – and the company’s shares on Friday hit a record US$422 million, a gain of 14 percent on the week.
The share price confirms Apple as the world’s most valuable business, on Friday carrying a market capitalisation of US$391 billion, compared with $379 for the second-ranking Exxon Mobil.
The pace of iPhone 4S sales eclipsed its predecessor, the iPhone 4, which sold 1.7 million in its first weekend.
In Australia on Friday hundreds of enthusiastic customers queued outside Apple stores and telecoms providers such as Telstra to be the first in the world to get their hands on the new device.
Apple’s four-storey Sydney store was filled to the brim as the doors opened at 8am.
No. 1 in the overnight queue in Los Gatos, California, Apple Store was Apple co-founder Steve Wozniak – pictured brandishing one of two iPhone 4S handsets he bought when the store opened. Woz also confirmed he had two more on pre-order to be delivered to his home.
