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
What's Hot on Deadline
'Fifty Shades' Dominant With $277M WW; 'La La' Lands $200M+ Overseas; 'XXX' Tops In China - International Box Office
Latest Film News
- Costume Designers Guild Awards: 'La La Land,’ 'Hidden Figures' & ‘The Crown’ Among Winners…
- Martin Scorsese's Robert De Niro Pic 'The Irishman' Heading To Netflix?
- Leah Adler Dies: Steven Spielberg’s Mother Was 97
- Uma Thurman Regrets Turning Down ‘Lord Of The Rings’ Role
- UCLA Diversity Report Downplays Gains Made By Industry’s Women and Minorities
- ‘Logan’ Review: The Marvel Comic Book Movie For People Who Hate Marvel Comic Book Movies