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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 Tony Swash on 12/17/2012 3:18:43 PM , Rating: 0
quote:
Selling tons on the first weekend - means nothing.

Jeez

No queues outside the Chinese Apple stores on launch day because of a new reservation policy - OMG Apple is crashing!!!!

Apple has smash hit sales figures for it's Chinese launch weekend - Yawn - it means nothing.

Let's face it, for some folks the only exciting news about Apple is bad news, even if they have to make it up.

Personally I tend to think huge numbers for a product launch weekend is generally an indicator of product success rather than failure.


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