Apple Inc. (NASDAQ:AAPL)’s planning its fastest roll-out ever, hoping to deliver its latest products in 115 countries by the end of the current year. CNBC’s Jon Fortt discussed some numbers with Gene Munster, Piper Jaffray senior analyst, and it seems that the company’s doing better than expected, especially when analyzing the 5.5 inch iPhone 6 Plus sales.
Apple Inc. (NASDAQ:AAPL)’s trading at little above $101 and seems to be headed towards larger numbers because the company’s freshly launched products aren’t available worldwide. It’s 10 million sales for the first three days have shown an increase of about 11% over the previous record for the 5th generation models.
“Apple games the number a little bit to make sure that was up year over year, so was up 11%. But, the reality was when you adjust for the China Launch not being this year and some of the fill of the 5C, which really didn’t count a year ago, the actual true units were up probably 50%,” said Gene Munster, Piper Jaffray senior analyst.
Soon, Apple Inc. (NASDAQ:AAPL)’s devices will be available in their full repertoire also in China and starting with this Friday some other 20 countries will have the newest iPhones in the specialized shops. Investors are thrilled with the numbers, especially considering Apple Inc. (NASDAQ:AAPL)’s impressive margins. According to Mr. Munster, 57% of the units sold were the larger model, meaning that there is a shift in trend towards the more exclusive and expensive phones.
“The differential between the capacities is one of the big pieces, but the pure margin it’s about 6% greater on the iPhone 6 Plus than the iPhone 6. On top of that, typically people who get the iPhone 6 Plus get more capacity too and that’s like 97% gross margin,” added Gene Munster.
These numbers will settle down, margins will shrink to reach more customers, but Soon, Apple Inc. (NASDAQ:AAPL) will still be making lots of profits, which will be seen in the stock price.
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