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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 xti on 12/17/2012 4:29:16 PM , Rating: 2
this post was almost as boring as the DT article.


RE: Context
By Tony Swash on 12/17/2012 6:15:33 PM , Rating: 2
quote:
this post was almost as boring as the DT article


Thanks for sharing that cutting insight. How long did it take to compose?


RE: Context
By erple2 on 12/17/2012 10:07:25 PM , Rating: 2
Hrm. That post was also one of Tony's only posts that I can remember that posted facts, not opinions (and not being an Apple fan, I usually find his opinions to be "completely wrong").

While I shudder to say it, good job, Tony. Keep it up.


"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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