The milestone was reached weeks earlier than expected and sent shares of Apple up $4.94, or 3.8 percent, to $136.71. The stock regained some of the ground it lost after the price cut spooked investors as a sign of weak demand and slimmer margins. It took just 74 days for the combination cell phone-iPod to hit the 1 million mark, which Apple had said it would achieve by the end of September. By comparison, it took two years for the company to sell 1million iPods, Apple CEO Steve Jobs noted in a statement. Last week, Apple knocked $200 off the price of the 8-gigabyte iPhone, bringing its price to $399, and discontinued the 4-gigabyte version. Apple spokeswoman Natalie Kerris declined to comment on whether the price cut helped spur sales. The price cut may have helped a bit, but Apple clearly was on track already to exceed its own expectations, analysts say. “I’d argue that sales have been fairly strong, and this alleviates concerns that sales were weak,” said Shaw Wu, analyst at American Technology Research. APPLE: Milestone arrives early and helps stock make up some losses tied to price cuts. By May Wong THE ASSOCIATED PRESS SAN JOSE – Apple Inc. sold its millionth iPhone over the weekend, days after it slashed the price by a third to spur sales. The swift price cut – not surprising in the cell phone industry but rare behavior for Apple – angered hundreds of early buyers who bought the touch-screen gadget for top dollar. In response to all the negative reaction, Jobs issued an apology the next day and offered customers $100 credits. Apple had said it was lowering the iPhone price to attract more customers, in time for the holiday season. The move, which many analysts had predicted, but not quite so quickly, adds pressure to Apple’s rivals. But it also was possibly part of a broader strategy for its entire product lineup. On the same day Apple slashed the iPhone price to $399, it unveiled a new iPod, also for $399. The iPod Touch is similar to the iPhone but without the cell phone capability. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Job Vacancy: Full-Time Legal Secretary required for a busy Letterkenny office to cover maternity leave.Experience in litigation and dictaphone typing is essential. Main responsibilities include:Providing full support to solicitors in managing their portfolio of filesDictaphone typingPreparing and processing legal documentsArranging a meeting and maintaining the diary systemOrganising and maintaining paper and electronic filesIdeal candidate:Self-motivated and able to work on own initiativePrevious experience working as a litigation legal secretary is essentialExcellent computer skills including knowledge of Word, Excel, Outlook and case management systemsExperience in Dictaphone typingExcellent writing, interpersonal and communication skillsTo apply please forward a CV to [email protected] Job Vacancy: Legal Secretary required in Letterkenny was last modified: July 31st, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)