Apple shares /quotes/zigman/68270/quotes/nls/aapl AAPL +2.18% gained 2.2% to close at $541.39.
Earlier in the day, China Unicom said it has received preorders for more than 300,000 units of the iPhone 5 ahead of the device’s launch in the Chinese market this Friday. This was up from 100,000 units on the first day of preorders last week.
Brian Marshall of ISI Group estimated that the company ships about 5 million iPhones into China each quarter, “and we expect a strong China Unicom iPhone launch to continue momentum.” Also, the telecommunications analyst team for J.P. Morgan raised their projected iPhone activations at AT&T to 8 million units from 7 million units for the fourth quarter.
Also up sharply were shares of Texas Instruments /quotes/zigman/7971332/quotes/nls/txn TXN +3.99% which jumped 4% to close at $31.01. Late Monday, the chip maker narrowed its earnings and sales forecast for the fourth quarter.
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Apple shares /quotes/zigman/68270/quotes/nls/aapl AAPL +2.18% gained 2.2% to close at $541.39.
Earlier in the day, China Unicom said it has received preorders for more than 300,000 units of the iPhone 5 ahead of the device’s launch in the Chinese market this Friday. This was up from 100,000 units on the first day of preorders last week.
Brian Marshall of ISI Group estimated that the company ships about 5 million iPhones into China each quarter, “and we expect a strong China Unicom iPhone launch to continue momentum.” Also, the telecommunications analyst team for J.P. Morgan raised their projected iPhone activations at AT&T to 8 million units from 7 million units for the fourth quarter.
Also up sharply were shares of Texas Instruments /quotes/zigman/7971332/quotes/nls/txn TXN +3.99% which jumped 4% to close at $31.01. Late Monday, the chip maker narrowed its earnings and sales forecast for the fourth quarter.