Apple restructures financial figures after launch of new iPhones

By Marc Castro

Sep 24, 2013 09:42 AM EDT

The latest release of the newest iPhone models had been reported by Apple as nearly double the sales of previous releases of its iconic iPhones. Apple announced it had already sold 9 million new iPhones in the first weekend the iPhone 5S and iPhone 5C came out on sale in the market.

In last year's iPhone5 release, there were 5 million smartphones sold during the first weekend of availability. This was also the first time that Apple had launched two new iPhones to the market. This was also the first time the launch was done in multiple countries at the same time, including China.

According to Apple's CEO Timothy Cook, "This is our best iPhone launch yet." In a statement, the iPhone 5S or the higher end model had been more popular in the current market. Apple had allowed customers to place online orders for the cheaper iPhone 5C, with demand exceeding supply.

The numbers even exceeded the expectations of the firm. After it had announced the sales numbers, the company then issued an updated financial guide for its investors. When initially the company had forecasted between USD34 billion and USD37 billion for the fourth quarter revenur, it is now projecting a much higher revenue towards the end of that price range.

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