Apple Inc. (AAPL): iOS 7 Now On 200M Devices

In spite of early problems with upgrading to iOS 7, Apple Inc. (NASDAQ:AAPL) reports today that 200 million users have upgraded their devices to the new operating system. That’s compared to 100 million devices upgraded to last year’s version of the operating system over the same amount of time. This news, paired with Apple’s announcement that it sold 9 million new iPhones during launch weekend, means the company’s results are looking good going into the December quarter.

Apple Inc. (AAPL): iOS 7 Now On 200M Devices

Shares of Apple Inc. (NASDAQ:AAPL) had risen almost 4 percent by the middle of the trading day on Monday.

Einhorn’s FOF Re-positions Portfolio, Makes New Seed Investment In Year Marked By “Speculative Exuberance”

david einhorn, reading, valuewalk, internet, investment research, Greenlight Capital, hedge funds, Greenlight Masters, famous hedge fund owners, big value investors, websites, books, reading financials, investment analysis, shortselling, investment conferences, shorting, short biasIt has not just been rough year for David Einhorn's own fund. Einhorn's Greenlight Masters fund of hedge funds was down 3% net for the first half of 2020, matching the S&P 500's return for those six months. In his August letter to investors, which was reviewed by ValueWalk, the Greenlight Masters team noted that Read More

Early data on Apple’s launch weekend revealed

Although Apple did not break down sales for the iPhone 5S and 5C in today’s announcement, Localytics did release some analysis of sales for the two handsets. The site found that in less than three days, both of the two new iPhone models make up about 1.36 percent of the total numbers of all iPhones activated in the U.S. across the top four carriers.

They said about 1.05 percent of all iPhones in the U.S. are now iPhone 5S models, while .31 percent of them are the iPhone 5C. They note that this means the iPhone 5S is about 3.4 times more popular than the iPhone 5C, at least in the U.S. This makes sense because those wanting to upgrade on launch weekend are probably going to be power users who want the newest model, which the iPhone 5C is not.

International picture similar

Localytics said they’re seeing a similar picture internationally as well, with the iPhone 5S outpacing the 5C. They said at this point it isn’t clear if “poorer countries” are buying more of the less expensive model than of the flagship 5S, but they plan to keep an eye on it over the next few days to look for a pattern.

Of course the U.S. still remains Apple Inc. (NASDAQ:AAPL)’s biggest market, recording the greatest portion of sales of the new devices—more than twice the amount of sales in all of the other regions combined.