Quick Note: Apple Sells 2 Million iPhone 5 Smartphones During Chinese Debut
December 17, 2012 9:17 AM
comment(s) - last by
Apple offers official candy sales figures for the first time
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.
This article is over a month old, voting and posting comments is disabled
Dr of crap
Dr of crap
12/17/2012 2:48:24 PM
I understand you must sell your product.
We do not NEED to know that the iphone sold X amount the first few days.
If it salls 200,000 copies or 100 millions copies, it made money, some wanted it right now. Wanting it right now DOES NOT make you money for the lang haul. If Apple sold 10 million copies in the first 2 weeks and then sold nothing else would that be good - nope!
Sales over the lifetime of the product matter way more.
Don't know, don't care about - h.265 basically an American invention.
12/17/2012 4:52:39 PM
Once again, don't be a child.
We have AMPLE experience with the sales pattern of both new Apple devices and new computing devices, and that experience allows us to do a reasonable job of extrapolation from initial sales to total sales.
(The same is also, by the way, true for most movies, although there the data is noisier.)
Dr of crap
Dr of crap
12/18/2012 8:19:02 AM
"...and that experience allows us to do a reasonable job of extrapolation from initial sales to total sales."
And I agree - so why must this site post the sales numebrs so readily? Like it means something?
It's basicly an ad FOR the company - right?
IF you don't get it - sorry for you!
And don't call me child again.
"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs
Apple Falls to 6th Place in China's Mobile Market
December 6, 2012, 9:40 PM
Some High-End Luxury Watchmakers Crack Down Hard on Smartwatch Faces
November 26, 2014, 1:28 AM
Microsoft Admits Lumia 925 and 1020 Have Sleeping Sickness, Bug Fix is Planned
November 24, 2014, 1:12 PM
Report: Samsung Galaxy S5 Sales Have Come in 40% Below Projections
November 24, 2014, 6:58 AM
Quick Note: Google Chromebooks Now Coming with 1TB of Google Drive Space
November 21, 2014, 1:20 PM
Xiaomi Aims to be #1 Smartphone OEM Within 10 Years, Apple Urges Caution
November 21, 2014, 9:33 AM
Quick Note: Samsung's Request to Dismiss Microsoft Lawsuit is Rejected
November 20, 2014, 12:53 PM
Most Popular Articles
Uber Exec Threatens to "Spend Millions" to Stalk Female Reporter and Her Family
November 19, 2014, 12:31 PM
Apple Replaces “FREE” Label with “GET” on App Downloads in iTunes App Store
November 19, 2014, 5:38 PM
Rand Paul Casts Crucial "No" Vote on Obama-Backed PATRIOT Act Renewal Bill
November 19, 2014, 5:15 PM
FTC Announces Crackdown on Computer Speedup/Tech Support Scams
November 20, 2014, 1:40 PM
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information