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iPhone 5 Sales in China top 2 Million in First Weekend

Dec 17 2012, 2:08am CST | by , in News | Apple

iPhone 5 Sales in China top 2 Million in First Weekend

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.

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