Many tech critics thought that the iPhone 4S was a yawn, but consumers and Wall Street today had a different idea. Thousands of people around the world queued up to buy the slick new smartphone. Yankee Group, a research firm, predicts that Apple could sell 4M new iPhones this weekend. That set the stage for a 3.3% rise in Apple’s stock price, to $422.00, a new high. Some analysts watching the run on iPhones note that the company may be attracting new customers among BlackBerry users angered by this week’s service glitches. For now, at least, Apple seems to be getting a pass for the problems many of its customers had downloading the new iOS5 operating system and watching their email addresses vanish as they tried to access the new iCloud media service. Apple will release its 3Q earnings on Tuesday, and analysts expect to see revenues rise 44.8% to $29.45B.
Apple Shares Hit New High As Consumers Flock To Buy New iPhones
For all of Deadline’s headlines, follow us @Deadline on Twitter
Sign up for Newsletters
Trending Now on Deadline
More From Lieberman
- Apple Says It's Not Responsible For Theft Of Celebrity Nude Photos
- Relativity CEO Says Appointment Of Lawyer As Managing Director Will Help IPO Plans
- It's No Blip, Online Video Is Taking Ad Dollars From Traditional TV: Analyst
- Now That He's At Carmike, Can Bud Mayo Lead Theaters' Alternative Content Revolution?
- Cable Milestone: Operators Have More Broadband Subs Than TV Ones
- Look Out Gannett: Carl Icahn Buys 6.6% Stake