Apple’s NASDAQ:AAPL iPhone 5 China sales over 2-M so far
Apple’s NASDAQ:AAPL iPhone 5 China sales over 2-M so far
Apple Inc.’s new smartphone, the iPhone 5, is being warmly received on China’s Mainland, with more than 2-M of the handsets sold in the company’s 2nd-largest market in the 3 days following the product’s launch.
“Customer response to the iPhone 5 in China has been incredible, setting a new record with our best 1st weekend sales ever in China,” Apple CEO Tim Cook said in a statement issued Monday.
“China is a very important market for us and customers there cannot wait to get their hands on Apple products,” he added, following Friday’s launch of the iPhone 5 on the Chinese Mainland.
Customers can order the latest iPhone through Apple’s online store and its retail outlets, and also buy it from resellers and stores of operator partners China Unicom and China Telecom.
The highly anticipated debut, three months later than the product’s initial launch in nine countries and regions, is widely expected to boost Apple’s sales in Q-4 as well as its share price.
The stock is trading at historic lows in term of the PE (full story) and looks cheap at this price.
The China release of AAPL iPhone 5 was significant even though there were no crowds, but there was a reason for that, Apple re-engineered China launch events to avoid those problems (full Story)
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May 8, 2013
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Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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