This comes at a high end of the estimates and has shown the continued support by millions for the new iPhones. Apple decided not to disclose the difference in models, giving no indication on if the iPhone 5C has been successful in developing countries.
Demand for the iPhone 5S has crippled Apple’s early supply, especially with the gold model selling out almost everywhere instantly. The space grey model seems to be the least wanted model, with units still available in some stores.
Apple has announced to investors the gross margin is expected to come around the higher end of their predicted range this quarter, at 37% with quarter revenue of $34 – 37 billion dollars. This could be improved as more embrace the iPhone 5C, the cheaper smartphone.
Alongside this high-margin of sales, Apple has also announced over 200 million iOS7 downloads already. This is just under one third of all iOS devices and only half of them may be compatible with the new update, available for iPhone 4 and later, iPad 2 and later, iPad Mini and fifth generation iPod Touch.
On the software side, Apple has said iTunes Radio has been very popular with early users, with over 11 million unique listeners in the first few days. Considering the music streaming platform is free, we can see why so many people are digging it.
This is a big push for Apple, with a stock increase of 6% a few hours after the announcement. With some analysts and predictions saying this would be the end of Apple’s big streak of success, it has hit hard that iPhones are still the most valued smartphone.
The question is has Tim Cook and others done enough to keep investors happy for the next few months. The sales may look strong at the moment, but can sales in China and other Asian countries show Apple’s worldwide appeal against Android.