Watch out for the Apple Stock to pop today. Apple just announced that they sold 2 million iPhone 5 phones in China at launch.
Apple today announced it has sold over two million of its new iPhone 5 in China, just three days after its launch on December 14. iPhone 5 will be available in more than 100 countries by the end of December, making it 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.”
The Apple stock took a beating over the last days. It closed on Friday at $509.79. I am pretty sure that based on these record sales of the iPhone 5 in China that the Apple stock will jump today.
Disclaimer: I own Apple stock.