Sales number for Apple Inc. (NASDAQ:AAPL) went over 9 million in not more than three days, this number is better than all previous sales of iPhones. A few questions were raised regarding the authenticity of these extremely impressive sales. Some stock analysts decided to look into the matter in order to find out the real story behind these sales figures.
The previous iPhone sales did not target Japanese and Chinese and Japanese markets and their sales numbers were not included in the initial sales over the weekend. Sales for this year also included the sales in Japanese and Chinese markets. Adding new vendors is not a bad thing; however it could be a bit misleading to the stock market analysts. There was also no analysis available for both decrease and an increase of current store sales.
Another interesting aspect is that around Apple Inc. (AAPL)’s 2.5 million iPhone units that were sent to retailers were also counted as sold units. Analysts say that the GDP Reporting Process of the Chinese is centered around production and not on what actually gets consumed. This can be seen from the fact that if 2 million units of washing machine are stored in some warehouse outside a community of around 5,000 then these washing machines are counted among sold units.
There was another time according to historians and economists when deliveries were also included in sold items by the companies to boost their profits and consequently their stock prices; a few examples are of Enron and Global Crossing.
Shares of Apple Inc. (NASDAQ:AAPL) went down in comparison with yesterday; currently the shares are being traded at $482.34 after a drop by 0.80% or $3.88.