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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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RE: Context
By Dr of crap on 12/17/2012 1:00:58 PM , Rating: 0
And that means?

Selling tons on the first weekend - means nothing.

Selling $500 million in ticket sales the first weekend a movies is out means nothing.

There a segment of the population that NEEDS to have and be first, it means nothing other great news snipets.

I will not be rushing out to the Hobbit just because it killed this weekend. I did not and will not rush out and get the latest cell phone offered BY ANYONE.

That is what is obvious.


RE: Context
By Tony Swash on 12/17/12, Rating: 0
"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer

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