Apple iPhone help Apple stock to touch USD 127.17

Apple iPhone help Apple stock to touch USD 127.17

Apple is having a great time. They have just launched their first mobile phone product named the Apple iPhone.

The launch was incredibly successful as they are reported to have sold more than 300,000 units in the initial days of launch.

The iPhone also seems to have helped the company scale new heights at the stock market as the Apple stock touched 127.17 dollars when the New York Stock Exchange closed on Tuesday.

Apple iPhone is being sold in the market in collaboration with AT&T which is the exclusive service provider for the device.

The two companies have not revealed the sales figures citing competition reasons.

But AT&T spokesman Mark Siegel did reveal this much: “In its first weekend we sold more iPhones than in the first month of any other wireless phone AT&T ever offered. That’s how good it’s been. We are simply not releasing figures.”

He added that most of their stores were out of stock by Monday and newer units are on their way to the market.

Siegel further spoke about the activation problems faced by some of the iPhone customers: “We think all those problems are behind us. The overwhelming number of customers went home, onto their iTunes website and were off and running in a matter of minutes the way it was intended.”