If you bought the iPhone 5 this weekend, Wall Street analysts are wondering why you didn't tell your friends, or buy more. Apple (AAPL - Get Report) shares were off 2.12% to $685.22 after the company announced it sold 5 million iPhone 5s this weekend, which disappointed some on Wall Street. There were several analysts, including Piper Jaffray's Gene Munster who were expecting millions more. Sterne Agee's Shaw Wu had a different perspective on the number, saying the sell side's estimates were out of line. "We are not overly concerned with this 'disappointing' number as we believe this is a classic case of near-term expectations getting out of touch with reality. We find it unfortunate that some analysts continue to publish irresponsible estimates without taking into account realistic demand trends and potential supply constraints on new in-cell touchscreens," Wu wrote in his note. Wu has a buy rating on Apple with a $840 price target.
If you wanted to know when the last time Google (GOOG - Get Report) shares were this high, you'd probably, well, have to Google it. Shares of the Internet search giant touched a peak earlier, hitting $748.89 in afternoon trading. The stock hasn't been this high in nearly five years when it reached $747.24 in November 2007. Google shares was recently trading at $747.78, good for a gain of 1.88%, outpacing the broader Nasdaq, which was down 0.9% in mid-Monday trading. Interested in more on Google? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull