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Print 32 comment(s) - last by degobah77.. on Dec 19 at 11:00 AM

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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RE: Context
By Dr of crap on 12/17/2012 12:04:56 PM , Rating: 2
And.... this means what?


RE: Context
By Tony Swash on 12/17/2012 12:27:44 PM , Rating: 1
I thought it was obvious what it meant but to spell it out for you: It means the iPhone 5 launch in China was very, very strong and that Apple will continue to grow it's business in China very strongly over the next year.

Another piece of context. China is a disaster for Google. Almost all Android handsets sold are both low end and stripped of Google services including Google Play, and there numerous and incompatible apps stores which makes life very difficult for developers. This is an interesting article on this issue.

http://techpinions.com/android-china-and-the-wild-...


RE: Context
By Dr of crap on 12/17/12, Rating: 0
RE: Context
By Tony Swash on 12/17/12, Rating: 0
"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone

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