Apple Inc. (NASDAQ:AAPL) iPhone 5 finally doing well in China

  on Dec 17,2012 Posted in Business News ,Finance
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Apple Inc. (NASDAQ:AAPL) has recently announced that it managed to sale out more than 2 million iPhone 5s in China after its launch on December, 14th. According to analysts, the company has highlighted this notable success in order to negate recent speculations that the company’s new product is not doing well in China market.

Additionally, company officials are of the view that newer version of the iPhone is relatively slow in picking up the sales as compared to its prior one iPhone 4S. Nevertheless, in the case of iPhone 5 AAPL has been repeatedly requesting the customers to book their phone one day earlier, so that it can be procured and supplied in the following day or so.

On the global level iPhone 5 will be made available in the countries named US, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the UK on vast scale in coming few days.

Apple Inc. (NASDAQ:AAPL) kept volume of 36.03 million shares which was higher than its average volume of 23.63 million shares. The stock after opening at $514.75 touched high price of $518.13 and settled at $509.79 after losing -3.76%.

In the liquidity ratios, the company booked 1.50 as current ratio. The Company had overall cash of $29.13 billion at hand and a book value per share as $125.86 in the most recent quarter.

Measuring Apple Inc.’s competitiveness with another firm across its sector, AAPL stock is lagging behind from its 200 day moving average with -14.71% while the stock is moving down from SMA50 with -13.22% and traded at lowest level during the previous trading session at $505.58.

Shares of the company hit the 52 weeks low range with $379.57 per share while its 52 weeks high level was $705.07, which compares with last trade ending price of $509.79.

Its competitors Microsoft Corporation (NASDAQ:MSFT) shares were down from 200 day moving average of -9.49% and traded as low as $26.70 per share in the last session and Google Inc (NASDAQ:GOOG) shares were up from 200 day moving average of 8.78% and traded as low as $698.43 per share in the last session.



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