Skip to footer

Chinese customers buy 2M iPhone 5s in first weekend

The iPhone 5, which launched in China on Friday, will be available in more than 100 countries by the end of December.

|
AP
A storekeeper introduces iPhones to customers near an iPhone 5 advertisement at an Apple products shop in Dongyang, in eastern China's Zhejiang province, Dec. 14. Apple released the latest version of its smartphone in China on Friday.
  • By Associated Press

| NEW YORK

Apple said Monday that it sold more than 2 million iPhone 5s in China in their first three days of availability, setting a record for that market.

The iPhone 5, which launched in China on Friday, will be available in more than 100 countries by the end of December.

The phone first went on sale on Sept. 21 in the U.S., Germany, France, Japan and five other countries, with more than 5 million sold in the first three days.

That also set a record, but it only beat last year's iPhone 4S launch by a small margin, falling short of some analysts' expectations. Apple shares hit an all-time high of $705.07 that day, but in the months since the stock has plunged about 28 percent.

On Sunday, Citi analyst Glen Yeung cut his rating for the company to "Neutral" from "Buy," questioning the strength of iPhone 5 demand and saying that it's unlikely Apple shares will rally any time soon.

Apple Inc. shares fell $6.85 to $502.94 in premarket trading Monday.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
editor@csmonitor.com
Subscribe
Mark Sappenfield
Editor

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

Subscribe to insightful journalism

QR Code to Chinese customers buy 2M iPhone 5s in first weekend
Read this article in
https://www.csmonitor.com/Technology/Latest-News-Wires/2012/1217/Chinese-customers-buy-2M-iPhone-5s-in-first-weekend
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe