iPhone 4S sales help Apple shares reach all-time high

Any fear among Apple investors that Steve Jobs’ resignation or death would have a sizable impact on share prices has to have dissipated upon hearing that company shares hit an all-time high in the wake of the iPhone 4S launch.
All Things D Monday morning reports that shares in Apple hit their second record high in as many days. “Shares peaked at $426.70 a share, up $4.70 from Friday’s close of $422, before falling back in midday trading,” writes Arik Hesseldahl. “Share price has risen by more than 97 percent this year.”
The shares spiked after Apple announced that it had sold four million of its new iPhone 4S smartphone in the first three days of availability.
“iPhone 4S is off to a great start with more than four million sold in its first weekend—the most ever for a phone and more than double the iPhone 4 launch during its first three days,” said Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing. “iPhone 4S is a hit with customers around the world, and together with iOS 5 and iCloud, is the best iPhone ever.”
The device is currently only available in seven countries (the U.S., Australia, Canada, France, Germany, Japan and the UK). However, Apple is preparing to launch it in 22 more by October 28. By the time the Friday after next rolls around, customers in Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Mexico, Netherlands, Norway, Singapore, Slovakia, Slovenia, Spain, Sweden, and Switzerland will also be preparing to purchase the iPhone 4S.
SOURCE via All Things D











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