2 million Apple iPhone 5s sold out in china with in 3 days
Wall Street may have misread the signals from Apple Stores in China
In a press release that the first solid piece of good news for Apple (AAPL) represents investors in the week the company announced Sunday that the sale of iPhone 5 in China over its three-day opening weekend topped 2 million units.
"Customer response to the iPhone 5 in China has been incredibly, a new record with the best first week sales ever in China," said Tim Cook.
The 2 million figure will come as a surprise to traders that Apple pushed for a 10-month low Friday after reports that Apple Stores in Beijing and Shanghai were almost devoid of customers on the day of launch. It appears that most of the action at the weekend, sales of Apple's carrier partners - China Unicom (CHU) and China Telecom (CHA) - where the phones were sold on long-term contracts with large subsidies. See a not-so-quiet weekend for Apple in China and Taiwan.
ust before the news broke, fell Citigroup's Glen Yeung Apple his price target to $ 575 from $ 675 and changed its recommendation to neutral from buy. On Friday, lowered UBS 'Steve Milunovich his price target from $ 775 to $ 700, citing sources who told him that she had not expected that the iPhone 5 as well in China as iPhone 4S.
"Milunovich has new sources," deadpanned The Loop Jim Dalrymple.
Wall Street may have misread the signals from Apple Stores in China
In a press release that the first solid piece of good news for Apple (AAPL) represents investors in the week the company announced Sunday that the sale of iPhone 5 in China over its three-day opening weekend topped 2 million units.
"Customer response to the iPhone 5 in China has been incredibly, a new record with the best first week sales ever in China," said Tim Cook.
The 2 million figure will come as a surprise to traders that Apple pushed for a 10-month low Friday after reports that Apple Stores in Beijing and Shanghai were almost devoid of customers on the day of launch. It appears that most of the action at the weekend, sales of Apple's carrier partners - China Unicom (CHU) and China Telecom (CHA) - where the phones were sold on long-term contracts with large subsidies. See a not-so-quiet weekend for Apple in China and Taiwan.
ust before the news broke, fell Citigroup's Glen Yeung Apple his price target to $ 575 from $ 675 and changed its recommendation to neutral from buy. On Friday, lowered UBS 'Steve Milunovich his price target from $ 775 to $ 700, citing sources who told him that she had not expected that the iPhone 5 as well in China as iPhone 4S.
"Milunovich has new sources," deadpanned The Loop Jim Dalrymple.
0 comments:
Post a Comment