By Henry Williams.
Image credit: Boy Genius Report
Despite concerns last week about low interest in the iPhone 5 in China, Apple seems to have turned that frown upside down and delivered a resounding hit in the first weekend of sales in China.
Apple announced on its website that over the three days of the launch (Friday, Saturday and Sunday) they sold more than two million iPhones.
The company’s CEO, Tim Cook, said:
“Customer response to iPhone 5 in China has been incredible, setting a new record with the best first weekend sales ever in China. China is a very important market for us and customers there cannot wait to get their hands on Apple products.”
When considered against the five million that Apple sold during the initial launch in September, Chinese demand for the phone seems consistent with other countries. Then, the phone was launched simultaneously in the US, Australia, the UK, Canada, France and Hong Kong (a combined population of around 1/2 a billion people).
Lisa Soh, an analyst with Macquarie Capital Securities, was quoted in the South China Morning Post last week saying that total sales would be no more than one million by the end of the year. She seems to been proven wrong by quite a margin.
Apple’s stock (NASDAQ:AAPL) has returned to Friday open levels, and was up almost 2% over the day during trading on Monday.