Feeding the hungry: Apple Inc. (NASDAQ: AAPL) in a hurry to expand market availability of the 2014 iPhones

336

By Stefan Larson on October 14, 2014 Market

Even prior the launch of their newest phones, Apple Inc. (NASDAQ: AAPL)’s stores were made to look like post-apocalyptic establishments as people too eager to get their hands on the technology innovator’s devices. As if it was a matter of life and death, millions lined up and camped outside stores just to ensure that they are one among the first people to own the much awaited smartphones.

Apple Inc. (NASDAQ: AAPL) CEO Tim Cook admitted that their weekend sales shattered their expectations as the numbers went way beyond more – 10 million sales as of September 22 – than what they hoped to sell. The excitement of the customers delighted him and the company as a whole, and they are thankful for the unwavering support of their patrons.

Cook claimed that only Apple Inc. (NASDAQ: AAPL) has the capability to incorporate hardware and software ingenuity at unprecedented levels, and they intend to improve the world’s most loved smartphone in every way possible.

After selling almost 20 million units since the release of their new phones on September 19, Apple Inc. (NASDAQ: AAPL)’s iPhone 6 and 6 Plus are confirmed to be made available in more countries as well come October of this year. Targets comprise of the European, Asian, Middle Eastern, Latin American, and African markets. All in all, their reach is to extend across 69 countries and territories by this month’s end.

As if 69 countries are not enough, Apple Inc. (NASDAQ: AAPL) plans to expand their phones’ availability over 115 countries as well by the end of this year in order to meet the market demands for their newest devices. In the event that this becomes a reality, it will be the fastest iPhone roll-out in history.

One may argue that the company’s year-end objective is too much if not ambitious, but Apple Inc. (NASDAQ: AAPL) already has schedules set for the release of their devices for every one of their target countries:

Launch in Monaco, India and China Friday, October 17

Launch in Israel, Thursday, October 23

Launch in French West Indies, South Africa, Czech Republic, Malta, Greenland, Reunion Island and Poland, October 24, Friday

Launch in Kuwait and Bahrain, October 30, Thursday

October 31 (Friday): Launch in Bosnia, Albania, Croatia, Greece, Estonia, Guam, , Iceland, Hungary, Kosovo, Lithuania, Latvia, Macau, Mexico, Macedonia, Montenegro, Moldova, Serbia, Romania, South Korea, Slovakia, Ukraine, Slovenia and Thailand

Currently, the iPhone handsets are available in the United States, Austria, Australia, Belgium, Denmark, Canada, Finland, France, Hong Kong, Germany, Ireland, Isle of Man, Japan, Italy, Liechtenstein, Netherlands, Luxembourg, New Zealand, Portugal, Norway, Puerto Rico, Russia, Qatar, Saudi Arabia, Spain, Singapore, Sweden, Taiwan, Switzerland, Turkey, theU.S. Virgin Islands, The United Kingdom, and United Arab Emirates. The company is striving to successfully cater to supply demand for the most-awaited iPhones since 2012.

Apple Inc. (NASDAQ: AAPL) shares were on 0.3% at $100.73 on Friday. Come Monday’s early trading, their stocks went up 0.7% at $101.50. The company’s trade valus played between the range of $69.91 and $103.74 over the past 52 weeks, and their consensus analyst price target is up at $111.93.