Apple seems to be on a roll! After the 1 million pre-order sales, Apple announced that the first weekend sale of the new iPhone has crossed 4 million. That’s twice the number of phones sold when iPhone 4 was released.
Early last week, when the company sold 1 million iPhone 4S phones, which is almost twice of what they sold on the first day of the pre-order sales of iPhone 4 (600,000 units), industry experts predicted sales to exceed over 3 million over the 1st weekend. However Apple had other plans and it smashed the industry expectations by selling a million more than expected. This has sent the stock price soaring and Apple’s stock is at an all time high.
There are several theories being floated for this record sales figure. One of the theory is that Apple enjoys the highest loyalty among the smartphones and iPhone customers never leave an iPhone for any other smartphone (and why would they). The other research that is coming in says that more than 25% of the new customers are migrants from Androids and BlackBerrys. This is a clear indicator that the iPhone is undoubtedly the leader in smartphones.
While all the good news is pouring in about the iPhone there is plenty to cheer about the new iOS 5 that was released. Apparently more than 25 million users have already upgraded to the latest iOS and another 20 million have signed up for iCloud.
Very positive times ahead for Apple and with the iPad 3 being rumored to be headed into production it’s glory days ahead for Apple.