- SocGen's Andy Perkins isn't impressed Apple's (AAPL +3.5%) new FQ4 revenue guidance remains within its original range in spite of the company's strong weekend iPhone sales. He takes this as a sign higher 5S/5C sales "came at the expense of the 4S." His $500 PT remains unchanged.
- Others on the sell-side are more enthusiastic, taking the numbers as evidence 5C demand was better than feared. Gene Munster thinks the 5C may have accounted for 3M-4M of the 9M+ weekend sales.
- Mobile analytics firm Localytics offers a different take. The firm's tracking data indicates the 5S outsold the 5C by a 3.4:1 margin in the U.S. over the weekend, and by a 3.7:1 margin internationally. In Japan, where NTT DoCoMo has commenced iPhone sales and the 5S is being offered for free with 2-year contracts, the ratio was 5:1.
- The 5S/5C managed to account for 1.36% of all active U.S. iPhones tracked by Localytics as of 8PM ET yesterday. 49% of them were on AT&T's (T -0.7%) network, and 38% on Verizon's (VZ).
Apple pares early gains as SocGen cuts shares to Hold
Sep 23 2013, 12:28 ET