In Sep 23, Apple announced that it had reached a record-breaking nine million new iPhone 5s and iPhone 5c devices. This happened just after three days of launching the two new iPhone models.
"This is our best iPhone launch yet-more than nine million new iPhones sold - a new record for first weekend sales," as stated by Apple's CEO Tim Cook.
As Apple Inc.'s FY 13 Fourth Quarter Results looms, analysts are also out and about with their predictions and forecasts on Apple Inc. (AAPL) increase or decrease on stock price quote.
Some analysts claimed that there can only be two results to keep an eye on as Apple reports on its FY 13 Fourth Quarter results - iPhones and iPads numbers.
Andy Hargreaves, an analyst at Pacific Crest predicts that the iPhone and iPad will drive Apple to a "stabilizing profit outlook".
"We estimate [fiscal fourth-quarter] iPhone and iPad units of 33.6 million and 12.9 million. This should suggest stable iPhone demand, which, along with gross margins that we expect to be at the high end of the company's guided range, should point to a stabilizing profit outlook," Hargreaves sated in a report.
Motley Fool's contributor Tim Beyers, also predicted that iPhone and iPad numbers could drive Apple Inc.'s stock after the conference call.
Credit: YouTube/The Motley Fool
Meanwhile, some analysts advised for investors to pay attention on hindsight after the facts were delivered on Oct 28.
iPhone 5s and 5c might have contributed to a large part of Apple Inc.'s fourth quarter revenue but Gene Munster from Piper Jaffray said that there might be lesser demand for the iPhone 5s following the launch of the iPhone 6.
"We believe the core focus will be on December guidance, since Apple already reiterated the high end of its guidance for September ($34-$37 billion in revenue) following the iPhone 5S launch," said Gene Munster at PiperJaffray.
Apple Inc. (NASDAQ:AAPL real time stock quote as of Oct 28, 2013 as published by NASDAQ OMX is at $525.30, down by 1.24 per cent; today's high low at $533.75, today's low at $525.08; 52 week high at $622 and 52 week low at $385.10.