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Apple offers official candy sales figures for the first time

The iPhone 5 went on sale in China on December 14. Apple announced over the weekend that in only three days after that launch it has sold 2 million iPhone 5 smartphones. Apple also reasserted that the iPhone 5 would be available in more than 100 countries by the end of December marking the fastest iPhone rollout ever.

“Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China,” said Tim Cook, Apple’s CEO. “China is a very important market for us and customers there cannot wait to get their hands on Apple products.”

Despite the successful rollout, Apple shares fell 3.8% in trading on Friday after the iPhone 5 debuted in China. Citi Research downgraded Apple stock from "buy" to "neutral" and lowered Apple's price target from $675 to $575.
 
Citi Research blamed diminishing hype for the iPhone 5 and improving competition in the smartphone market. 

Sources: Apple, Reuters





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Spare parts supply
By Schadenfroh on 12/17/2012 10:17:40 AM , Rating: 2
In other news, the price of a kidney on the blackmarket is dropping fast!




RE: Spare parts supply
By ProZach on 12/18/2012 1:32:20 AM , Rating: 2
Beat me to it, how to follow-up?

"After my trading my brain for an iFone55, me decision just made that much more better sense!"

Or, given my last experience with an acquaintance who recently bought one:

"After I traded my balls for an iFone5 I still am not getting any action, but the iFone is cooler to play with at work."


"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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