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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