Android app on Google Play

Apple (AAPL) Just Doubled Its Addressable iPhone 5c, 5s Market...and in Record Time!

October 9, 2013 11:27 AM EDT Send to a Friend
Get Alerts AAPL Hot Sheet
Price: $102.50 +0.24%

Rating Summary:
    56 Buy, 9 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
Trade AAPL Now!
Join SI Premium – FREE
Apple (Nasdaq: AAPL) announced earlier iPhone 5s and iPhone 5c expansion plans for several dozen new markets. But, what does that mean for Apple?

BTIG's Walter Piecyk made a few interesting comments today via his official Twitter account. First, the broad expansion took Apple half the time as it did with the iPhone 4S and iPhone 5, a stunning achievement in less than a year. It will be six weeks from the debut of the devices.

Also, the new markets will double Apple's addressable market for the iPhone 5s and 5c to over 4 billion by the November 1st launches.

Amid the news today, Apple is feeling broader market pressure, down 0.4 percent on the session.

Tweets from Piecyk are embedded below:









You May Also Be Interested In


Related Categories

Analyst Comments, Hot Corp. News, Trader Talk

Related Entities

Twitter

Add Your Comment