Apple Glows in Hong Kong; iPhone 4S Sells Out in 3 Hours – NASDAQ:AAPL

Apple’s (AAPL) latest iPhone 4S sold out on its initial day on sale at its Hong Kong store in just three hours, by some calculations, as thousands waited for it badly.

The Chinese blog TechNode published the sellout time at three hours, while other sites quoted five hours. A Ticonderoga Securities analyst said that authorized sellers also sold out of their stock early also.

A successful launch in China could offset some news that Apple is seeing a turn down in iPhone demand and is asking suppliers to postpone shipments from this quarter to next quarter.

Apple Inc. (NASDAQ:AAPL) last session volume of 23.35 million shares was surprisingly higher than its average volume of 20.68 million shares. The stock after opening at $386.61 hit high price of $388.70 and then closed at $384.62 by declined -0.16%.

AAPL generated revenue of 108.25 million in the following twelve months and earned $25.92 million. The Company showed a positive 23.95% in the net profit margin and as well as in its operating margin which remained 31.22%. Company’s annual sales growth for the past five year was 41.16%.

The AAPL past twelve months price to sales ratio was 3.30 and price to cash ratio remained 13.77. As far as the returns are concern, the AAPL return on equity was recorded as 41.67% and enhanced 36.29% return on investment while its return on asset stayed at 27.06%.

The stock showed weekly upbeat performance of -3.90% which was maintained for the month at -5.83%. Likewise the positive performance for the quarter was recorded as 0.32% and for the year was 24.86% while the YTD performance remained at 19.24%.

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29 Responses to Apple Glows in Hong Kong; iPhone 4S Sells Out in 3 Hours – NASDAQ:AAPL

  1. Barry says:

    Your Apple announcement, revenue and income are in the BILLIONS not millions.

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  13. Vern says:

    NOTE: Tourist thinking of purchasing an IPhone 4s in Hong Kong should rethink that idea. Yes we have all seen the saturation marketing but Apple sales department are just not up to the task in Hong Kong, The person responsible for this shamble must fall upon the director of sales whoever that might be for getting the projection figures so wrong. I wonder how many tourist visiting Hong Kong will therefore be purchasing a Samsung Galaxy S2 as an alternative. Apple will not be doing ANY cash transactions concerning the IPhone 4s and have adopted a reservation method with an undetermined time period as to when supplies will be in their main store.

    This has done unrepeatable damage to Apple’s image and more to the fact they have shown they do not have the ability to market a global product. Many of us professionals are always on the move and should we damage our IPhone and it require services I have been informed by Apple that they have an exchange policy but it may not be available in all countries (read the fine print in the IPhone documentation).

    I consider this an unsatisfactory business practice, especially for a product that has been marketed globally!

    Apple users demand a reduction in the price of the unit for having to wait for your product!!!!!!

    Pissed OFF

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  16. says:

    You’ve got to be kidding me-it’s so tanrspraetnly clear now!

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