Apple Boosts iPhone Duo Orders 30% on Strong Demand
AAPL sits 40% above its 52-week low of $243.42 on light trading volume (0.2× avg).
Summary
Apple has reportedly increased orders for the iPhone Duo by 30%, signaling stronger-than-expected demand for the upcoming model. The company raised initial iPhone Duo shipments to about 10 million units, with preorders starting Oct 16 and launch pricing from $1,999. This follows a record fiscal Q3 with iPhone revenue up 22% to $54.3B, though Q4 guidance disappointed due to component shortages. The order boost suggests Apple is confident in near-term sales despite supply constraints.
Updated with a Wiseek News report · What changed
Updates
· Wiseek News — Apple raised initial iPhone Duo shipments to about 10 million units, with preorders starting Oct 16 and launch pricing from $1,999.
At the time of this announcement, AAPL was trading at $340.94 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $243.42 to $345.34. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.