The new Apple iPhone 6S and 6S Plus are displayed during an Apple media event in San Francisco Seth Roberts Raiders Jersey , California, September 9, 2015. Apple Inc (AAPL.O) said on Monday that advance orders of its new iPhones were on pace to beat the 10 million units the previous versions logged in their first weekend last year, a feat that analysts attributed to the inclusion of sales from China.
The Chinese debut of the prior models, the iPhone 6 and 6 Plus, was delayed last year as the company awaited approval from regulators. Many analysts say China is poised to overtake the United States as Apple's biggest market.
Searching for signs of whether Apple can top its 2014 performance, investors were initially encouraged by the company's remarks but later tempered their enthusiasm. Apple shares were up 0.7 percent in afternoon trading after rising as much as 2.3 percent earlier in the session.
Apple did not disclose the specific number of advance orders it received for the new iPhone 6S and 6S Plus. Analysts had expected about 4.5 million for the first 24 hours, compared with 4 million during the first day last year.
Apple began taking preorders on Saturday for the phones, which will begin shipping Sept. 25.
The company said it was working to catch up to demand for the iPhone 6S Plus, the larger of the two new phones, which exceeded its forecasts for the preorder period.
"Preorders this weekend were very strong around the world," Apple spokeswoman Trudy Muller said in a statement. After shattering sales records last year with the iPhone 6 and 6 Plus, Apple has been dogged by questions of whether it can sustain the momentum this year.
BGC Partners analyst Colin Gillis said the company had always enjoyed a burst of sales of new phones from die-hard fans and customers who are due for an upgrade.
"Will these phones have the same staying power as the iPhone 6?" he asked. "It’s still going to be a challenge."
The exclusion of the Chinese market last year set a low bar Apple to clear with preorders this year, he added.
However, John Jackson of IDC said the 6S and 6S Plus' strong early performance dampened concerns on Wall Street.
"Apple has this track record of outperforming its own outperformance, but the iPhone 6 looks like an extraordinarily tough act to follow," he said. "The fact that they are fast out of the gate with this refresh is a very encouraging sign."
FBR Capital Markets senior analyst Daniel Ives said he was encouraged by the response in China, where Apple’s website showed particularly long wait times for the phones.
"It shows that they are off to a white-hot start, with China really being front and center as a main driver of initial demand," he said.
After last year’s redesign, the iPhone 6S and 6S Plus feature more modest updates, such as improved cameras and 3D touch, a display technology that responds according to how hard users press their screens. But Apple executives have stated that only a fraction of users have upgraded to the iPhone 6, suggesting the company has ample room to grow.
Last week Apple announced the phones, as well as a new TV set-top box that responds to voice commands, but the new products underwhelmed many social media commentators and investors.
Apple relies heavily on the sale of its flagship iPhones, which generated nearly two-thirds of its revenue in the latest quarter.
TOKYO, Sept. 28 (Xinhua) -- Japan's main opposition Democratic Party leader Renho on Wednesday blasted Prime Minister Shinzo Abe for his failed economic policies, in the first head-to-head match up of the two leaders since Renho was elected to lead her party on Sept. 15.
Regarding a policy speech Abe gave on Monday at the beginning of an extraordinary Diet session, she accused the prime minister of lying to the electorate and carrying on with his "Abenomics" economic policies charade, despite the fact that not only has no tangible headway been made in terms of economic growth through "virtuous cycles," but rising disparities in society had transpired.
"(Prime Minister) Abe's slogans are cycling around, but it's about time for him to face up to the reality that the economy hasn't reached a virtuous cycle at all," Renho said in the question and answer session in the upper house of parliament.
"Individual consumption will start moving when we remove the anxiety about education, employment and retirement that Abenomics has left unresolved," she added, as her party along with three other opposition parties have agreed in principle to join forces to better keep Abe's ruling Liberal Democratic Party-led coalition in check ahead of future elections.
She slammed Abe's decision to further delay a planned consumption tax hike before the upper house election as being deceitful and breaking pledges he had made earlier to people voting.
The tax hike, already delayed, had been pitched to voters as a vehicle for his government to drive the economy clear from recession by generating more public revenue. The economy, however, has essentially remained stagnant, according to the latest gross domestic product figures, with the nation still mired by deflation with the central bank's recent policy shift being described as "vanilla" by a number of leading economists.
The Japanese currency continued to remain firm against its major counterparts, hampering exports and stifling production. Corporate earnings were not being converted into wage increases, which has choked private consumption.
Under Abe the world's third-largest economy is also buckling under an ever-increasing demographic crisis.
Japan's senior citizens are continuing to increase in numbers while the birthrate has dropped off in a social phenomenon being dubbed a "silver tsunami."