Three Monday Apple Headlines You Might Have Missed (AAPL)
Despite a weak market, Apple (NASDAQ: AAPL) had a great day Monday. Following news that the company sold nine million iPhones over the first weekend, the stock ended the day up five percent at $490.64. Here are the stories you may have missed Monday.
Apple TV Software Update Back Online
With all of the iPhone hype, almost nothing was said about the Apple TV upgrade released on Friday. It started making news over the weekend when users complained of lost content and in some cases, an inoperable unit.
Sunday, Apple pulled the 6.0 update and re-released it Monday still listed as 6.0. Unlike iOS7, the upgrade wasn’t a seismic shift in the interface. It added iTunes Radio, AirPlay over iCloud, and the ability to access an iTunes library remotely.
iPhone Sales Numbers Not as Impressive As First Thought
When Apple issued the press release saying that it had sold nine million iPhones, investors bid the stock up more than six percent. While nine million is impressive, Apple wasn’t quick to point out that this wasn’t an “apples to apples” comparison to last year’s numbers.
First, when the iPhone was released, consumers in nine countries lined up to purchase the phone. Over the weekend, the 5S and the 5C were released in 11 countries including China. Because China wasn’t part of the iPhone 5 launch, Apple would have to exclude the China and Puerto Rico sales to make a comparison.
This was also the first time the company released two phones, it would be helpful to breakout the sales by phone, according to a Forbes article. Analysts who calculated the sales based on other information they obtained found that Apple’s weekend sales were about five million—in line with iPhone 5 sales. Still quite impressive.
Steve Jobs’ Childhood Home May Become a Historical Site
How do you treat the home of the person widely credited with changing the way the world interacts with technology? You make it a historical landmark. According to CNN, the Los Altos Historical Commission will evaluate the home on Monday to decide if it’s a worthy of the status.
Steve Jobs and Steve Wozniak assembled the first 50 Apple 1 computers in the attached garage which led to the founding of Apple Computer in 1977. The home was built in 1977 and valued at $1.5 million.
Disclosure: At the time of this writing, Tim Parker was long Apple.
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