Very soon after
Apple had triumphantly announced
iPhone 5c units, which haven't sold as well as the flagship
iPhone 5s. The curious thing about Apple's share price is that it is hovering around $490 on Tuesday afternoon. That is less than 5% above the level where Apple's stock was trading before the company made the dramatic debut weekend sales announcement. It seems odd that the stock has not moved up more than that — Wall Street's weekend unit consensus was 5-6 million and beating that by more than 50% should have triggered an ecstatic response. It looks like some investors are buying the channel fill theory and refraining from jubilation at the moment.
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