China loves Apples
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 per cent.
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.
Read more Business News
- Vernon parking fees dropVernon / N. Okanagan - 5:00 am
- Be a recycling superheroKelowna - 4:59 am
- Selfie could earn RBC ticketsBCHL - 5:00 am
- Underdog Rockets ready to goSports - 5:00 am
|QHR Technologies Inc||1.29||+0.07|
|Anavex Life Sciences||0.375||0.00|
|Copper Mountain Mining||2.35||-0.07|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.25||+0.02|
With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...
How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...
The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...