Apple Inc. (NASDAQ:AAPL) launched a new smart phone, the iPhone 5S, just a few weeks back and investors in the company are wondering how successful the smartphone has been thus far. Apple Inc. (NASDAQ:AAPL) itself reported that the iPhone 5s and iPhone 5C sold a total of 9 million units in their first weekend on the market, but there’s been little information since.
A new report from Canaccord takes a look at the likely sales of the iPhone 5S since it was released and finds nothing but positives for Apple Inc. (NASDAQ:AAPL). According to the company the iPhone 5S led the sales lists of all four of the biggest carriers in the United States, Verizon Communications Inc. (NYSE:VZ), AT&T Inc. (NYSE:T), Sprint Corporation (NYSE:S) and TMobile US Inc. (NYSE:TMUS).
There's a gold rush coming as electric vehicle manufacturers fight for market share, proclaimed David Einhorn at this year's 2021 Sohn Investment Conference. Check out our coverage of the 2021 Sohn Investment Conference here. Q1 2021 hedge fund letters, conferences and more SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More
iPhone 5S dominance
The Canacord information comes from a global survey of smartphone sales in the month of September. It found that the iPhone 5s was the best selling phone among the top U.S. carriers, beating out competitors like the Samsung Galaxy S4 and the iPhone 5C, the lower priced iPhone. Apple Inc. (NASDAQ:AAPL) is continuing to dominate the smartphone market, and the iPhone 5S may be one of its most successful phones to date.
Apple Inc. (NASDAQ:AAPL) has shown the ability to create two products that do not cannabilize each other, if this report is to be believed. It also demonstrates the company’s dominance over the smart phone market. Samsung is not due to release its update, the Samsung Galaxy S5 until next year, but there’s a reason the firm stays so far away from the iPhone release date.
All four carriers showed that the iPhone 5S was their best seller, while the iPhone 5C was their second best. If Apple Inc.(NASDAQ:AAPL) financials show the same figures when they arrive, the market might well expect a bumper Christmas.
Apple smartphone value
The Canaccord report suggested that sales of the iPhone 5S were very strong while sales of the iPhone 5C were strong and iPhone 4S sales were still “healthy.” Assuming the Canaccord report is right, the hysteria over Apple Inc. (NASDAQ:AAPL) losing traction on lack of innovation has been way overblown.
Apple Inc. (NASDAQ:AAPL) is by far the most valuable smartphone company on the planet, and almost nobody else is even competing at this point.