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Sep 26, 2013
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Sep 23, 2013
Sep 23, 2013

Apple polishes forecast after selling 9 mln new iPhones

Sept 23 (Reuters) – Apple Inc sold 9 million new
iPhones during their first three days in stores after China
joined the list of launch countries for the first time,
prompting the company to issue a rosier financial forecast.

Shares in the company closed up 5 percent at $490.64 on
Monday after the company said revenue in the fiscal fourth
quarter would gravitate towards the high end of its previous
forecast for $34 billion to $37 billion.

Sep 23, 2013
Sep 23, 2013
Sep 23, 2013
Sep 23, 2013

Sales of new iPhones top forecast, Apple polishes forecast

By Poornima Gupta and Jennifer Saba

(Reuters) – Apple Inc sold a higher-than-expected 9 million iPhone 5s and iPhone 5c models in the first three days following their Friday launch, prompting the company to issue a more optimistic financial forecast.

Apple shares rose 4.5 percent to $488.64 in early trading on Monday following the news.

    • About Poornima

      "Poornima Gupta writes about technology out of San Francisco, covering consumer and enterprise device makers Apple, HP and Dell. She previously spent five years in Detroit covering the crisis-ridden U.S. automotive sector that resulted in two of the biggest bankruptcy filings in the industrial world. She won a SABEW award for reporting on the failed merger between GM and Chrysler, and their negotiations with the federal government."
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