Sponsored by Energy Trust

Apple sells 2M iPhone 5 units in China

| Print |  Email
Monday, December 17, 2012

Forbes: Apple sold more than two million iPhone 5 handsets in China during only its first three days on the market.

The company announced Monday morning that it had sold more than 2 million units in the first weekend in the country, running counter to reports and video footage that showed uncharacteristically short lines of people waiting outside Apple stores to pick up the new phone. Investors had balked at the reports on Friday and sent shares of Apple down sharply at the close. Yet Apple Chief Executive Tim Cook has now praised “a new record with the best first weekend sales ever in China.”

“The key reason is status,” said Topeka Capital Markets analyst Brian White. While Chinese consumers weren’t as keen to upgrade from the iPhone 4 to the 4S, the 5 model is more appealing because it is, simply, bigger. “In our view, a new form factor shows the world that you have the latest and greatest iPhone, a sign of status in China.”

Read more.

 

More Articles

Healthcare Perspective

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

A conversation with Majd El-Azma, president and CEO of LifeWise Health Plan of Oregon, followed by the Healthcare Powerlist.


Read more...

See How They Run

January-Powerbook 2015
Friday, December 12, 2014
BY LINDA BAKER

Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.


Read more...

Streetfight

News
Sunday, December 07, 2014
BY LINDA BAKER

On Friday, Uber switched on an app — and with one push of the button torpedoed Portland’s famed public process.


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

The Bookseller

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS