Unbelievable !; Two Million iPhone 5s sold in China in 3 days

[bobito]

Traders who pushed Apple to a 10-month low Friday after reports that Apple Stores in Beijing and Shanghai were nearly devoid of customers the day of the launch were surprised by the report stating that  sales of the iPhone 5 in China over its three-day launch weekend topped 2 million units.

It turned out that most of the action over the weekend was at the retail outlets of Apple's carrier partners - China Unicom (CHU) and China Telecom (CHA), where the phones were being sold on long contracts with generous price subsidies.

Some people lowered their Apple price target to $575 from $675 and changed their recommendation to Neutral from Buy before the announcement was made.

credit: M.I.C. Gadget

It seems that despite the stiff competition between the mobile giants, apple still has customers to count on.




ref: cnn