iPhone 5 Sales Top 2 Million on First Weekend in China
The Cupertino, Calif. company made the announcement Monday, just three days after the iPhone's Chinese launch on Dec. 14.
"Customer response to iPhone 5 in China has been incredible," Apple CEO Tim Cook said in a statement. "China is a very important market for us and customers there cannot wait to get their hands on Apple products."
The news is a turnaround for Apple, which saw its stock drop 4% in early trading on Friday, falling to as low as $509 a share over concerns about low demand for the iPhone 5 in China. Locals responded to the smartphone with less enthusiasm than in previous years, according to the the Wall Street Journal.
"Apple's flagship store in Beijing's upscale Sanlitun shopping district began selling the iPhone 5 for the first time on Friday in what was arguably the least eventful launch of an Apple device in the company's four-year history in the Chinese capital."
Three days after the iPhone 5's initial launch on Sept. 21, Apple announced that it sold more than 5 million units of the device, which was then available in the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the UK.
The company also reported that demand for the iPhone 5 exceeded its "initial supply." Apple's flagship smartphone, which features a 4-inch Retina display, is its thinnest and lightest ever.
Considering earlier negative reports, are you surprised by Apple's successful iPhone 5 launch in China?
December 17, 2012